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Keynesian

KeynesianKeynes·i·an /ˈkeɪnziən/ adjectiveadjECONOMICS
relating to the ideas of John Maynard Keynes, who believed that, in a RECESSION, the economy can be made to grow and unemployment reduced by increasing government spending and making reductions in interest rates
In the Keynesian model, a fall in aggregate demand leads to a fall in real income and reduces employment.
Keynesian noun [countableC]
the long-running debate between monetarists and Keynesians as to the precise influence of money on the economy
Keynesianism noun [uncountableU]
the current decline in Keynesianism

See also: Keynes, John Maynard


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