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Keynesianism

Definition:

Keynesianism is an economic theory developed by economist John Maynard Keynes, advocating for government intervention in the economy to mitigate unemployment and stabilize economic fluctuations.

Usage:

1. As a noun:

a) The government's adoption of Keynesianism helped stimulate economic growth during the recession.

b) Keynesianism posits that increased government spending can stimulate aggregate demand.

2. As an adjective:

a) The Keynesianism approach recognizes the importance of monetary and fiscal policies in stabilizing a country's economy.

b) The Keynesianism model suggests that during times of economic downturn, increased government intervention is necessary.

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