john maynard keynes Synonyms
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john maynard keynes Meaning
john maynard keynes (n)
English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)
john maynard keynes Sentence Examples
- John Maynard Keynes was a renowned British economist whose theories had a profound impact on economic thought and policymaking.
- Keynesian economics, centered around the concept of aggregate demand, is widely studied and applied in modern economic analysis.
- Keynes emphasized the role of government spending and fiscal policy as effective tools to stimulate economic growth during downturns.
- The "Keynesian Cross" is a graphical representation of Keynes's theory, showing the relationship between output, consumption, and investment.
- Keynes argued that wages and prices have a degree of rigidity, leading to involuntary unemployment during economic downturns.
- The "liquidity trap" refers to a situation where monetary policy becomes ineffective in stimulating economic activity due to low interest rates.
- Keynes's ideas influenced the creation of the Bretton Woods system, which established fixed exchange rates and the International Monetary Fund.
- The "multiplier effect" describes how government spending can lead to increased economic activity through rounds of spending and investment.
- Keynes's views on the role of government intervention in the economy were influential in the development of modern welfare states.
- The "General Theory of Employment, Interest, and Money" remains a seminal work in economic theory, shaping economic policy and macroeconomic analysis.
FAQs About the word john maynard keynes
English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)
No synonyms found.
No antonyms found.
John Maynard Keynes was a renowned British economist whose theories had a profound impact on economic thought and policymaking.
Keynesian economics, centered around the concept of aggregate demand, is widely studied and applied in modern economic analysis.
Keynes emphasized the role of government spending and fiscal policy as effective tools to stimulate economic growth during downturns.
The "Keynesian Cross" is a graphical representation of Keynes's theory, showing the relationship between output, consumption, and investment.
