{"id":602,"date":"2015-06-19T20:51:10","date_gmt":"2015-06-19T20:51:10","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/outcome-keynesian-policy-prescriptions\/"},"modified":"2023-07-14T19:08:11","modified_gmt":"2023-07-14T19:08:11","slug":"outcome-keynesian-policy-prescriptions","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/outcome-keynesian-policy-prescriptions\/","title":{"raw":"Outcome: Keynesian Policy Prescriptions","rendered":"Outcome: Keynesian Policy Prescriptions"},"content":{"raw":"<h2>What you'll learn to do: understand the Keynesian view on changes in government spending and taxation<\/h2>\nHere are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:\n<ul>\n\t<li>Describe the multiplier effect<\/li>\n\t<li>Define the crowding out effect and explain why it occurs and how it reduces the fiscal multiplier.<\/li>\n\t<li>Define the Keynesian concept of the Liquidity Trap and explain why it occurs and how it reduces the effectiveness of monetary policy.<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Keynesian View on Changes in Government Spending and Taxation<\/li>\n\t<li>Reading:\u00a0Liquidity Trap<\/li>\n\t<li>Self Check: Liquidity Trap<\/li>\n\t<li>Reading:\u00a0The Expenditure Multiplier<\/li>\n\t<li>Self Check: The Expenditure Multiplier<\/li>\n\t<li>Reading:\u00a0Crowding Out<\/li>\n\t<li>Self Check: Crowding Out<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do: understand the Keynesian view on changes in government spending and taxation<\/h2>\n<p>Here are some\u00a0of the\u00a0specific things you\u2019ll learn to do in this section:<\/p>\n<ul>\n<li>Describe the multiplier effect<\/li>\n<li>Define the crowding out effect and explain why it occurs and how it reduces the fiscal multiplier.<\/li>\n<li>Define the Keynesian concept of the Liquidity Trap and explain why it occurs and how it reduces the effectiveness of monetary policy.<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Keynesian View on Changes in Government Spending and Taxation<\/li>\n<li>Reading:\u00a0Liquidity Trap<\/li>\n<li>Self Check: Liquidity Trap<\/li>\n<li>Reading:\u00a0The Expenditure Multiplier<\/li>\n<li>Self Check: The Expenditure Multiplier<\/li>\n<li>Reading:\u00a0Crowding Out<\/li>\n<li>Self Check: Crowding Out<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":19,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-602","chapter","type-chapter","status-publish","hentry"],"part":599,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/602\/revisions"}],"predecessor-version":[{"id":603,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/602\/revisions\/603"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/599"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/602\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=602"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=602"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=602"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}