Modern Europe
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Modern EuropeKeynes believed that the only way to get a country out of a depression was for the country to borrow funds to stimulate demand by injecting cash into the market. This suggests that Keynesian economics which is the opposite oflaissez-faire, advocates for stateinterference. Moreover, Keynesian economics contends that markets are improved when a decent quantityof production is fueled by reasonable economic expenses (Chen). Keynes argued that lack of employmentwas exacerbated by a fall in aggregate demand due to a shortage of spending within a market. Continual reductions in investment during a crisis lead to more reductions in demand, which in turn leads to increasedyouth unemployment, which leads to much fewer expenditures as the number of unemployed citizens rises.Benito Mussol...
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