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designed for the short term
Keynes advocated that Fiscal Policy was a more powerful tool. this is mainly due to the fact that at the time he lived there were very few central banks that were truly independent from the government. The central bank had to be independent for monetary policy to function properly.
Keynes did not address monetary policy and this is one of the main distinctions between him and Friedman.
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What is the definition of demand side policy?
Policies designed to affect aggregate demand: fiscal policy and monetary policy.
Do you think the standard imf policy prescriptions of tight monetary policy and reduced government spending are always appropriate for developing nations experiencing a currency crisis?
Do you think the standard IMF policy prescriptions of tight monetary policy and reduced government spending are always appropriate for developing nations experiencing a currency crisis
The policy that aimed to prevent the spread of communism by bloking soviet influence?
Containment Policy
What country did the US' Open Door Policy refer to?
The US Open Door Policy was designed to open up the European-made Spheres of Influence in CHINA to US influence and trade.
Cause of the Open Door policy?
sphere of influence and extraterritorial rights
Controlling money to influence the economy is called?
Fiscal policy is the controlling of money to have an overall influence of the economy. Fiscal policy is based on ideas from economist John Maynard Keynes.
What did john maynard keynes think would resolve the great depression?
increased public expenditures through government programs (fiscal policy) and money supply (monetary policy)
British economist who advocated interventionist government policy?
John Maynard Keynes
Most theories on modern fiscal policy are based on the works of which economist?
John Maynard Keynes
What has the author Umberto De Girolamo written?
Umberto De Girolamo has written: 'Occupazione e moneta nell'analisi di John Maynard Keynes' -- subject(s): Employment (Economic theory), Keynesian economics, Monetary policy
What are 2 examples of macroeconomists?
Two examples of macroeconomists are John Maynard Keynes, known for his theories on government intervention in the economy to manage economic cycles, and Milton Friedman, known for his work on monetarism and advocating for a stable monetary policy.
What famed English economist laid the basis for most theories on modern fiscal policy?
John Maynard Keynes
Which famed English economist laid the basis for most theories on modern fiscal policy?
John Maynard Keynes
The economic policy of John Maynard Keynes called for government assistance so there could be full employment?
true
Which policy has more direct influence on individuals and businesses?
Monetary Policy.
Which policy has a more direct influence on individuals and businesses?
Monetary Policy.
Which policy would john maynard keynes consider pump priming?
Funding public-works projects to put unemployed people to work.
