According to the Keynesian school of thought, the economy is not self-regulating.That is, to achieve a satisfactory level of real GDP, the government often has to intervene by managing aggregate demand.

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According to Keynesian economics, the economy is not self-regulating and requires government intervention to manage aggregate demand and achieve a satisfactory level of real GDP. This intervention can include fiscal policy, such as changes in government spending and taxation, and monetary policy, such as changes in interest rates and the money supply.

According to the Keynesian School of Thought, the Economy Is