{"id":10970,"date":"2018-05-11T01:49:53","date_gmt":"2018-05-11T01:49:53","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/?post_type=chapter&#038;p=10970"},"modified":"2018-05-11T01:49:53","modified_gmt":"2018-05-11T01:49:53","slug":"introduction-to-keynesian-policy-implications","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/chapter\/introduction-to-keynesian-policy-implications\/","title":{"raw":"Introduction to Keynesian Policy Implications","rendered":"Introduction to Keynesian Policy Implications"},"content":{"raw":"<h2>What you'll learn to do: explain policy implications of Keynesian economics<\/h2>\r\n<img class=\"wp-image-10971  aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2018\/05\/11014125\/stock-exchange-1426335_1920.jpg\" alt=\"Stock photo of the globe and lines representing the stock market prices\" width=\"516\" height=\"364\" \/>\r\n\r\nBy now, you know the basics of Keynesian economics and how it is connected to the AD-AS model. In this section, we will see how Keynesian economics plays out as government policies. In this section, you'll learn about the multiplier effect, the gdp gap, and Keynesian recommendations for reducing unemployment and inflation.","rendered":"<h2>What you&#8217;ll learn to do: explain policy implications of Keynesian economics<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10971  aligncenter\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2018\/05\/11014125\/stock-exchange-1426335_1920.jpg\" alt=\"Stock photo of the globe and lines representing the stock market prices\" width=\"516\" height=\"364\" \/><\/p>\n<p>By now, you know the basics of Keynesian economics and how it is connected to the AD-AS model. In this section, we will see how Keynesian economics plays out as government policies. In this section, you&#8217;ll learn about the multiplier effect, the gdp gap, and Keynesian recommendations for reducing unemployment and inflation.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-10970\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to Keynesian Policy Implications . <strong>Authored by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><li>Image of globe and stock prices. <strong>Authored by<\/strong>: geralt. <strong>Provided by<\/strong>: Pixabay. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/pixabay.com\/en\/stock-exchange-pay-trading-floor-1426335\/\">https:\/\/pixabay.com\/en\/stock-exchange-pay-trading-floor-1426335\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":29,"menu_order":5,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Keynesian Policy Implications \",\"author\":\"Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"Image of globe and stock prices\",\"author\":\"geralt\",\"organization\":\"Pixabay\",\"url\":\"https:\/\/pixabay.com\/en\/stock-exchange-pay-trading-floor-1426335\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"4d2c3dae-e3aa-4143-a841-843556c31aba","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-10970","chapter","type-chapter","status-publish","hentry"],"part":5270,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/users\/29"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970\/revisions"}],"predecessor-version":[{"id":10972,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970\/revisions\/10972"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/5270"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=10970"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=10970"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=10970"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/license?post=10970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}