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grandymaker [24]
3 years ago
11

What are the criticisms of Keynesian economics?

History
1 answer:
REY [17]3 years ago
5 0
Ans: Criticisms of Keynesian Economics

Borrowing causes higher interest rates and financial crowding out. Keynesian economics advocated increasing a budget deficit in a recession. However, it is argued this causes crowding out. For a government to borrow m
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olga55 [171]

The correct answer to this open question is the following.

Unfortunately, you forgot to specify the name of the empires including in your question. Who they were?

However, trying to help you, we can comment on the case of the way China was affected and entered into a crisis in his final years as an empire.

Emperor Qianlong had rejected England's petition to lose its heavy restrictions on trade in 1793. However, European powers reacted and put pressure on the Chinese Empire and by 1912, the Chinese Empire had collapsed.

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The once-successful Chinese bureaucracy could not maintain the growth rhythm of the increase of population and became very inefficient. The centralized power of the Emperor lost its presence in the far-away provinces and peasants and poor people started rebellions.

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How did Roman Chinese artist show delusion of space in paintings

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