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Why did Keynes think deficit spending was necessary during periods of recession (such as the Great Depression)?
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Why did Keynes think deficit spending was necessary during periods of recession (such as the Great Depression)?

User ImGaurav
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Answer:

Keynes argued that inadequate overall demand could lead to prolonged periods of high unemployment. But during a recession, strong forces often dampen demand as spending goes down

Explanation:

User Borgleader
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