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In promoting full employment objectives and government involvement, Keynes’ ideas have led to such things as...

In promoting full employment objectives and government involvement, Keynes’ ideas have led to such things as prolonged deficit spending and burgeoning federal debt. True or False? Explain.

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Answer #1

"True"

Keynesian economists advice that to increase the output and increase the employment, For that the government will have to involve in active intervention in the market which will increase the government purchase deficit. If the unemployment is not decreasing it might lead to excess deficit in the market.

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