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Author Question: Imagine the economy is slipping into a recession. What would a Keynesian advocate and why? What ... (Read 60 times)

HudsonKB16

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on: Jul 10, 2018
Imagine the economy is slipping into a recession. What would a Keynesian advocate and why?
 
  What will be an ideal response?

Question 2

In the early 1970s, the policy of __________ sought a relaxation of tensions between the United States and the Soviet Union, coupled with firm guarantees of mutual security.
 
  Fill in the blanks with correct word


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Toya9913

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Reply #1 on: Jul 10, 2018
Answer to Question 1

An ideal response will:
1, Identify that Keynesian economic policy is a type of fiscal policy that is more concerned with high levels of unemployment than inflation.
2, Specify how increasing government spending and lowering tax rates encourages employment and investment. Note that when taxes are lowered, individuals and businesses will have more money to invest, which in turn increases the potential for new job creation and employment.

Answer to Question 2

dtente


HudsonKB16

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

smrtceo

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Reply 3 on: Yesterday
Excellent

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