{"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":"2024-04-26T16:29:20","modified_gmt":"2024-04-26T16:29:20","slug":"introduction-to-keynesian-policy-implications","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/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. 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. 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\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/users\/29"}],"version-history":[{"count":3,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970\/revisions"}],"predecessor-version":[{"id":11500,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970\/revisions\/11500"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/5270"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/10970\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=10970"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=10970"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=10970"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/license?post=10970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}