As a Keynesian economist, what would you do for the current U.S. economy?

Expert Solution

As a Keynesian economist, I would do the following for the current U.S economy. First of all, I have to understand Keynesian economists as a method developed by economists for the purpose of understanding great depression in an economy. I have to advocate for increased government expenditure and later lower taxes to strengthen demand then this will help to pull the entire global economy from depression.

Explanation:

As a Keynesian economist, I would do the following for the current U.S economy. First of all, I have to understand Keynesian economists as a method developed by economists for the purpose of understanding great depression in an economy. I have to advocate for increased government expenditure and later lower taxes to strengthen demand then this will help to pull the entire global economy from depression. Then I can use active government policies which will enhance to manage aggregate demand which will help to solve economic issues and also prevent economic recessions. The use of the Keynesian economist method will enable one to consider a demand-side theory that can focus on changes in the economy over the short run in the U.S economy. I would also the activist fiscal and monetary policy which acts as primary tools that can be used to manage the economy and do away with the rate of unemployment in the economy.

Rahul Sunny answered 1 year ago

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