Answer:
Using deficit spending to stimulate economic growth.
Explanation:
John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.
After the New Deal and into the post-World War II era, the United States of America pursued Keynesian economic policies. This meant using deficit spending to stimulate economic growth.
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
December 18, 1865. In America
Answer:
Military action prior to emancipatio,Governmental action towards Public opinion of emancipation,emancipation
Explanation:
Answer:
The wealthy to the poor.
Explanation:
The phrase trickle-down theory was coined after a speech by David Stockman, Ronald Reagan's chief economic advisor. He saw the supply-oriented economic policy as part of a long tradition of economics, according to which laissez-faire not only helps those who are well placed in the market, but everyone, even the poorest.
The trickle-down economy was a highly political issue for the Reagan government. Use of the term has been waning since the late 1980s, although the program to lower marginal tax rates, sell state shares, and deregulate was and remains a central program item for the Republican Party.
Well-known economists dispute the validity of the theory, questioning the premise that lowering the top tax rate would stimulate economic growth and job creation.
