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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
