1) Why
does the adoption of Keynesian economics come out of the Great Depression? 1)
Why does the...

Question

1) Why
does the adoption of Keynesian economics come out of the Great Depression? 1)
Why does the adoption of Keynesian economics come out of the Great Depression?

2) What
will happen to the money supply if Jamie withdraws $400 from her checking
account and the required reserve ratio is 5%?

Robert · Accepted Answer

Answers  ) 
Q.1.) John Keynes is considered by some to be the most influential economist of the20th 
century. Many famous mainstream economists, such as Joseph Stiglitz, Karl Schiller, and 
Paul Krugman, follow Keynesian economic theory. Because of Keynesian economic 
theories, governments now have the capability to relieve the adverse effects of business 
cycles, economic recessions, and depressions.

1) Why does the adoption of Keynesian economics come out of the Great Depression? 1) Why does the adoption of Keynesian economics come out of the Great Depression? 2) What will happen to the money...

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