Why did Keynes think deficit spending was necessary during periods of recession (such as the Great Depression)?

Question

asked Jan 25, 2021 159k views

1 Answer

Borgleader · Answer 1 · 2021-01-31T20:18:19+0000

Answer:

Keynes argued that inadequate overall demand could lead to prolonged periods of high unemployment. But during a recession, strong forces often dampen demand as spending goes down

Explanation:

Why did Keynes think deficit spending was necessary during periods of recession (such as the Great Depression)?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions