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Economics 101: Keynesian Economics | SterlingTerrell.net

Economics 101: Keynesian Economics


What is Keynesian economics?

Keynesian Economics is an economic theory that advocates a focus on increasing aggregate demand in the economy in pursuit of economic growth.

At the fundamental level, is focuses on government spending and controlling interest rates as a way of stimulating the economy.

The basic precepts of it were developed by the late economist John Maynard Keynes.