In the general theory of employment, interest, and money, john maynard keynes argued that to eliminate depression governments should spend what?

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Social Studies

Kinsley Schneider

4 April, 11:27

In the general theory of employment, interest, and money, john maynard keynes argued that to eliminate depression governments should spend what?

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Juliana Peterson · Answer 1

In the general theory of employment, interest, and money, John Maynard Keynes argued that to eliminate depression governments should spend more to offset insufficient private spending. This British economist deployed the idea of Keynesian economics according which equilibrium employment (income) is determined by the level of aggregate demand (AD) in the economy, given the level of aggregate supply (AS).