According to the keynesian view, if congress votes to increase government purchases and at the same time decrease personal income taxes, they they made the decision to vote for the appropriate economic strategy.
Keynesian is a macroeconomic theory that examines all economic spending and how it affects the economy's output, employment, and inflation. It was created in the 1930s by British economist John Maynard Keynes in an effort to comprehend the Great Depression.
Keynesian economics' basic tenet is that economic stabilisation may be achieved by government intervention. The study of individual motivations and economic behaviour was initially sharply divided from those of broad aggregate variables and conceptions by Keynes' theory.
According to his theory, Keynes argued for higher government spending and lower taxes to boost demand and rescue the world economy from the Great Depression. Later, the phrase "Keynesian economics" was employed to describe the idea.
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