When there is an economic downturn,this economic theory argues that the government should pump money into the economy by spending more than it collects in taxes.

Question

Quizplus · Accepted Answer

This is a characteristic of Keynesian economics, which asserts that government intervention in the economy, particularly through fiscal policy such as increased government spending, can stabilize economic fluctuations.

When There Is an Economic Downturn,this Economic Theory Argues That