_____ is an economic philosophy of active state intervention to stabilize the economy and stimulate employment.

Question

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Keynesianism is an economic philosophy that advocates for active state intervention in the economy to stabilize it and stimulate employment. It is based on the ideas of British economist John Maynard Keynes, who believed that government spending could be used to increase demand during economic downturns, leading to increased employment and economic growth.

_____ Is an Economic Philosophy of Active State Intervention to Stabilize