Deficits And Public Debt Students: the Keynesian model concluded that government spending and taxation can be used to stimulate a recessionary economy and also use the same tools to slow demand dur


Students:  the Keynesian model concluded that government spending and taxation can be used to stimulate a recessionary economy and also use the same tools to slow demand during an inflationary period.  This model suggests that the Federal government has, not only the ability to counter extreme business cycles, but also the responsibility to do so.

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