|Perfect Number of Pages to Order||5-10 Pages|
Write a four-page, double-spaced, 12-point Arial font paper detailing the evolution and implementation of Keynesian Macroeconomic policies, as well as your understanding gained from reading the textbook’s final chapters on Fiscal and Monetary Policies. Cite historical examples of successful Keynesian policies in action, such as the Great Depression and the financial system’s Great 2007-09 Recession. Compare and contrast why Keynesianism failed to succeed during the stagflation of the 1970s.
Why do you believe Keynesian ideas failed to be effective at the time, and what economic rationale supports Keynes?
Include at least three sources in your reaction paper, which should be listed on a third page titled “Works Cited.” When the nation experiences a short-run volatility in GDP and employment due to the advent of a recession/depression or high inflation, consider in terms of Keynesian expenditures to stimulate AD.
Try to reason rationally about what the fiscal policy toolexpansionary or contractionaryaims to achieve in the macro economy in terms of FE GDP and employment levels. In your narrative, you can utilize in-text citations or footnotes. To illustrate your claims, you might want to use the Keynesian AD AS Model to show visually episodes of expansionary and contractionary fiscal or monetary policy.