QUESTION IMAGE
Question
- which ideas are connected to keynesian economics? belief in totally free markets limiting money supply growth use of fiscal policy government intervention during recessions
Brief Explanations
Keynesian economics emphasizes government intervention in the economy. It supports the use of fiscal policy (such as government spending and taxation) to manage aggregate demand. During recessions, Keynesian theory advocates for government intervention to boost the economy. It does not believe in totally free - markets and is not focused on limiting money supply growth as its main tenet.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
C. Use of fiscal policy
D. Government intervention during recessions