Past economic theories involved Keynesian economics,which called governments to ____ in hard times and pay back in good times.

Question

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Keynesian economics called for governments to increase spending during times of economic hardship to stimulate demand and boost economic activity. This approach was based on the idea that increased government spending could create jobs and boost consumer spending, eventually leading to economic growth. However, governments would need to pay back this spending during times of economic prosperity to prevent inflation and maintain a stable economy.

Past Economic Theories Involved Keynesian Economics,which Called Governments to ____