Keynesian Theory

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Keynesian_economics
gptkbp:assumes prices and wages are sticky
gptkbp:basisFor demand management
gptkbp:contrastsWith classical economics
gptkbp:criticizedFor monetarist economists
gptkbp:describedBy gptkb:The_General_Theory_of_Employment,_Interest_and_Money
gptkbp:developedBy gptkb:John_Maynard_Keynes
gptkbp:emergedIn 1930s
gptkbp:emphasizes role of fiscal policy
gptkbp:focusesOn aggregate demand
https://www.w3.org/2000/01/rdf-schema#label Keynesian Theory
gptkbp:influenced gptkb:IS-LM_model
gptkb:Keynesian_cross
gptkb:Phillips_curve
New Deal policies
macroeconomic policy
modern macroeconomics
post-World War II economic policy
gptkbp:proposedBy government intervention in the economy
deficit spending during recessions
gptkbp:bfsParent gptkb:Business_Cycles
gptkbp:bfsLayer 6