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Describe the Fiscal Policy Remedies That a Keynesian Economist Might

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Describe the fiscal policy remedies that a Keynesian economist might prescribe to close a recessionary gap.How might the issue of crowding out impact the effectiveness of these policies?


Definitions:

Hypomanic Episode

A period of abnormally elevated, expansive, or irritable mood and increased activity or energy that is less severe than a manic episode.

Pediatric Bipolar Disorder

A mental health condition affecting children and adolescents, characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Mixed States

A psychiatric condition characterized by simultaneous symptoms of both mania and depression, often observed in bipolar disorder.

Elevated Mood

A state of increased psychological energy and positivity, often beyond a person's normal range of feelings.

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