Difference between revisions of "Keynesian economics"
Jump to navigation
Jump to search
(New page: '''Keynesian Economics''' is associated with the ideas of the British economist John Maynard Keynes. It is the idea that economic slumps are the result of too little demand. The govern...) |
|||
| Line 1: | Line 1: | ||
| − | '''Keynesian Economics''' is associated with the ideas of the [[British]] economist John Maynard Keynes. It is the idea that economic slumps are the result of too little demand. The government can stimulate demand by cutting taxes and increasing spending even if this results in growing deficits. | + | '''Keynesian Economics''' is associated with the ideas of the [[British]] economist [[John Maynard Keynes]]. It is the idea that economic slumps are the result of too little demand. The government can stimulate demand by cutting taxes and increasing spending even if this results in growing deficits. During times of economic boom the government can increase taxes and/or cut spending. This will reduce the risk of [[Inflation]] and also reduce government deficits. |
[[Category:United States Government]] | [[Category:United States Government]] | ||
Revision as of 13:17, March 27, 2008
Keynesian Economics is associated with the ideas of the British economist John Maynard Keynes. It is the idea that economic slumps are the result of too little demand. The government can stimulate demand by cutting taxes and increasing spending even if this results in growing deficits. During times of economic boom the government can increase taxes and/or cut spending. This will reduce the risk of Inflation and also reduce government deficits.