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.
In the late 7th century, the Native American population dropped drastically due to a <span>contagious disease.
</span><span> contagious </span>diseases can transmit from person to another easily.
Communism flourished in China under the leadership of Mao Zedong.
Answer:
During the Reconstruction period of 1865–1877, federal law provided civil, White Democrats had regained political power in every Southern state. African Americans and former slaves became Republicans and officeholders. Hiram Rhodes Revels was the first African American to serve in Congress as a senator.
