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Q: Why did john Maynard Keynes support the ideas of pump priming despite increased federal budget deficits?
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Why did John Maynard Keynes argue for the concept of deficit spending?

what did john maynard Keynes support the idea of pump priming despite increased federal budget deficits


What did John maynard keynes support the idea of pump priming despite increased federal budget deficits?

He believed deficit spending would stimulate the economy and create jobs .


Is the accumulated total of all previous federal budget deficits?

national debt


Something that did not contribute to record federal budget deficits in the early 1980s was?

cuts in defense spending


What first law congress passed addressing federal deficits?

the one that helped a lot with nazi Russian Jew super spies


What law was created to force presidents and Congress to work together to reduce federal budget deficits?

Gramm-Rudman-Hollings Act


The large federal deficits of the Reagan years were due mainly to?

increases in the defense budget and steady spending on social welfare and entitlement programs.


What was the effect of the violence against women act?

The act increased federal resources for the prosecution of men who abuse women.


What action did thomas Jefferson take to the lower the national debt?

The action Thomas Jefferson took to lower the national debt was that he streamlined government and increased sales of federal land.


During reagans presidency federal spending increased most for?

Ronald Regan increased spending on the military


During Reagan's presidency federal spending increased most for what?

Ronald Regan increased spending on the military


How did government spending affect the economy-?

Federal spending on forgein aid increased demand for U.S goods.