I have come across Keynesian economics while doing some research, but the Wikipedia explanation didn’t really shed any light on the concept. Could someone help me out, possibly with some hypothetical examples.
In: Economics
I’m no expert mind, but the way I understand it. Keynesian economics was about redefining how the state acts in a market economy to mitigate its boom and bust cycles as a reaction to the great depression. Theres a strong emphasis on regulation of money and monetary policy.
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