(6)Keynesian economics

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A level British History (Labour, Attlee 1945-51) Mindmap am (6)Keynesian economics, erstellt von Marcus Danvers am 22/10/2013.
Marcus  Danvers
Mindmap von Marcus Danvers, aktualisiert more than 1 year ago
Marcus  Danvers
Erstellt von Marcus Danvers vor etwa 11 Jahre
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Zusammenfassung der Ressource

(6)Keynesian economics
  1. Government planning of the economy central: only governments have the economic clout to correct fluctuations in the economy
    1. Spending against the will by governments: when the economy is doing badly, governments need to spend to boost it – fiscal stimulus; when the economy is doing well, governments need to reduce spending to stop overheating.
      1. Macro-economics: Macroeconomics is the branch of economics concerned with aggregates, such as national income, consumption, and investment (Keynes came up with such ideas as inflation, GDP, unemployment)
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