Keynes Believed That the Best Method for Tackling Recessions Was

question 43

True/False

Keynes believed that the best method for tackling recessions was to reduce government spending and raise taxes,thereby reducing the federal budget deficit.

---

Definitions:

Irrational Escalation Of Commitment

A phenomenon where people increase their investment or continue a course of action beyond a rational point due to their past commitments.

Negative Emotions

are feelings that are considered to be harmful or unfavorable to one’s psychological well-being, such as sadness, anger, or fear.

Escalate Conflict

To increase the intensity or severity of a dispute or disagreement.

Frames

Cognitive structures or mental models that individuals use to perceive and interpret information.