Explain which fiscal and monetary policies might activist

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Explain which fiscal and monetary policies might "activist" Keynesian economists recommend to help a depressed economy regain full employment? Elucidate how they work. Critics of Keynesian policies cite the problem of "crowding out", and of ‘lags'. What are they, and what impact do they have on the outcomes of these Keynesian policies?

Reference no: EM1345961

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