Discover the legacy of John Maynard Keynes, the founder of Keynesian economics. Learn how his revolutionary ideas have shaped government intervention in economic affairs, particularly during recessions.
Explore the IS-LM model, its components, relevance, limitations, and the intersection of market preferences affecting equilibrium levels of GDP and interest rates.
Discover the transformative role of fiscal policy in stabilizing and invigorating economic conditions through strategic government spending and tax policies.