Keynesianism

usgb/keɪnziənɪzəm/
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.
Visual representation of "keynesianism" - Keynesianism is an economic theory that argues for the use of government intervention to help manage the economy, especially in times of recession.

Usage tips

Formal

government intervention,fiscal policy,economic theory

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Visual representation of "keynesianism"
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Context

Keynesianism is more applicable during economic crises when demand is low.

Illustration for Context
During a recession, Keynesianism becomes increasingly relevant.
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Formality

Use 'Keynesianism' in academic or professional discussions to communicate economic ideas clearly.

Illustration for Formality
In casual conversations, you might just mention 'government spending.'
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Common Mistakes

Avoid confusing Keynesianism with laissez-faire economics, which advocates little to no government intervention.

Illustration for Common Mistakes
Many mistakenly believe that Keynesianism only involves increased spending.
Visual representation of the word "Keynesianism"

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