During a depression or an economic downturn. Indeed, Keynes sustained that during a depression or a recession, consumer demand shrinks to its minimum which in turn cause unemployment as factories close because nobody is buying their products and that creates more unemployment which in turn further decreases consumer demand and the system engages in a vicious cycle that further weakens the economy.
Keynes recommended that the only and best solution was to apply a fiscal policy, on in layman’s terms, government spending in massive infrastructure projects that will stimulate economic activity by boosting employment and demand for products and services, both directly and indirectly. However, Keynes also indicated that a reduction or an expansion of the interest rates was necessary as well, depending in the economic circumstances.
Answer:
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Explanation:
Answer:
Ok
Explanation:
Be gratified vainly by one's own achievement; exaggerate one's good points. ... Let me guess, you have been playing a crossword game and got stuck on the ... Yeah, don't flatter yourself—she only asked you out to dinner ... hold a vain, self-congratulatory, and exaggeratedly high opinion of oneself
Not to talk to strangers? Nobody can answer that because it’s whatever you read
