Keynesianism
noun
Keynesianism is an economic theory that argues for the use of government intervention to help manage the economy, especially in times of recession.
The government adopted Keynesianism to stimulate growth during the economic downturn.
Usage tips
Formal
government intervention,fiscal policy,economic theory
noun
A macroeconomic theory that highlights the importance of total spending in the economy and its effects on output and inflation.
Advocates of Keynesianism believe that increased government spending can boost economic growth.
Usage tips
Neutral
total spending,economic output,inflation control
noun
Keynesianism is an economic theory that argues for the use of government intervention to help manage the economy, especially in times of recession.
The government adopted Keynesianism to stimulate growth during the economic downturn.
Usage tips
Formal
government intervention,fiscal policy,economic theory
noun
A macroeconomic theory that highlights the importance of total spending in the economy and its effects on output and inflation.
Advocates of Keynesianism believe that increased government spending can boost economic growth.
Usage tips
Neutral
total spending,economic output,inflation control
Definition 1 of 2
Pro Tip 1/3Context
Keynesianism is more applicable during economic crises when demand is low.
During a recession, Keynesianism becomes increasingly relevant.
Pro Tip 2/3Formality
Use 'Keynesianism' in academic or professional discussions to communicate economic ideas clearly.
In casual conversations, you might just mention 'government spending.'
Pro Tip 3/3Common Mistakes
Avoid confusing Keynesianism with laissez-faire economics, which advocates little to no government intervention.
Many mistakenly believe that Keynesianism only involves increased spending.
Pro Tip 1/3Context
Keynesianism is more applicable during economic crises when demand is low.
During a recession, Keynesianism becomes increasingly relevant.
Pro Tip 2/3Formality
Use 'Keynesianism' in academic or professional discussions to communicate economic ideas clearly.
In casual conversations, you might just mention 'government spending.'
Pro Tip 3/3Common Mistakes
Avoid confusing Keynesianism with laissez-faire economics, which advocates little to no government intervention.
Many mistakenly believe that Keynesianism only involves increased spending.
Pro Tip 1/3Context
Keynesianism is more applicable during economic crises when demand is low.
During a recession, Keynesianism becomes increasingly relevant.
Pro Tip 2/3Formality
Use 'Keynesianism' in academic or professional discussions to communicate economic ideas clearly.
In casual conversations, you might just mention 'government spending.'
Pro Tip 3/3Common Mistakes
Avoid confusing Keynesianism with laissez-faire economics, which advocates little to no government intervention.
Many mistakenly believe that Keynesianism only involves increased spending.
Never forget "Keynesianism"
Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!
WordUp Chrome Extension
As you browse the web instantly look up words you don’t know.
Get Chrome Extension