Week 5 Assignment – Crowding Out
After reading chapters 11, 12, and Special Topic 4, write a 2-page paper describing the economic viewpoints and theories of John Maynard Keynes.
What were his views of the causes recessions and solutions to fixing them?
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In each of their views, what place did government have to improve markets?
What does the concept of “crowding out” mean in all of this?