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keynesian
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The answer KEYNESIAN has 8 possible clue(s) in existing crosswords.
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Definitions of keynesian in various dictionaries:
noun - a follower of the economic theories of John Maynard Keynes
adj - of or relating to John Maynard Keynes or to his economic theories
A supporter of Keynes’s economic theories.
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Keynesian economics ( KAYN-zee-n; sometimes called Keynesianism) are the various macroeconomic theories about how in the short run and especially during recessions economic output is strongly influenced by aggregate demand (total demand in the economy). In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inflation.Keynesian economics developed during and after the Great Depression, from the ideas presented by John Maynard Keynes in his 1936 book, The General Theory of Employment, Interest and Money. Keynes contrasted his approach to the aggregate supply-focused classical economics that preceded his book. The interpretations of Keynes that followed are contentious and several schools of economic thought claim his legacy. * Keynesian economists generally argue that, as aggregate demand is volatile and unstable, a ma |