Keynesian economics

[ (kayn-zee-uhn) ]

Economic theories that advocate using government spending programs to increase employment. They are based on the thinking of John Maynard Keynes.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.