Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Exercise 2

Keynesian economists argue that economic conditions in recent years would have been much worse if it had not been for the increases in government spending and the large budget deficits. They also argue that the recovery would have been more robust if the spending increases and budget deficits had been larger. Indicate why you either agree or disagree with this perspective.