Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow

Exercise 6

Several well known Keynesian economists argue that the weak recovery of the U.S. economy from the 2008-2009 recession is because the spending increases and budget deficits have been too small. Do you think they are correct? Why or why not? If we continue running large deficits and the economy remains weak, do you think Keynesian economists will alter their views? Discuss.