History
Kaylee thinks that this is the main time period in America that Keysian Theory was enforced
What is the Great Depresson OR After WWII
According to Michelle, who is the British economist that created economic theory that argued for active government intervention and monetary policy
Who is John Manyard Keynes?
The best way to ensure economic growth and stability, says Kay.
What is active government intervention and monetary policy?
Published in 1936, and soon to be ready by Riccardo, this was the central thesis to Keynes' work that launched the modern study of macroeconomics for four decades
What is the General Theory of Employment, Interest and Money?
Countries that are affected by Keynesian economics. Max lives in one of them.
What is all of them?
Keynes' expression for government intervention to help the economy get back on track. Justin does this when he refills his gas tank.
What is priming the pump?
The US economy faced a decline in spending once again after FDR did this (Ruth argued against it).
What is decreased government spending and intervention?
Theory that states: One person's spending goes towards another person's wages, and when that person spends his or her wages,he or she is, in effect, supporting another person's earnings.
What is the theory of total spending?
Derrick wasn't around but he surely knows that this defines the time where Keynesian economic principles were a halfway point between laissez-faire capitalism and socialism
What is the end of the Cold War?