As an approach to economic and social policy in the UK, Keynesianism is based on
A) the notion of low debt, low deficit, and low inflation.
B) deficit reduction as the necessary precondition for maintaining economic stability.
C) the belief that a balanced budget is necessary to achieve a stable economy and full employment.
D) decreased economic management and welfare provision by the state.
E) a commitment to maintain high levels of employment and steady rates of growth, keep prices stable, and achieve a desirable balance-of-payments schedule and rates of exchange.
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