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Keynesianism

Variant of Keynesian

adjective

designating, of, or in accord with the economic theories of Keynes and his followers, which hold that full employment and a stable economy depend on the continued governmental stimulation of spending and investment through adjustment of interest rates and tax rates, deficit financing, etc.

noun

an adherent of these theories

Related Forms:

Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.

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