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askmel: 1 year ago via iPhone

Explain the difference between the Keynesian and supply side views of fiscal policy. How would they both deal with recession/inflation?

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Answer 1

reginamuthoni01: 1 year ago

Keynes' theory states that the government should solve problems as soon as they occur rather than waiting for situation to get better at the end. He says deficit spending during recession is usually delayed for long. Check out http://en.wikipedia.org/wiki/Keynesian_economics.

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