Question

Does Keynesian economics require government to set controls on prices, wages, or interest rates?

Short answer

Keynesian financial matters doesn't need micro economic value controls. It is true ,when Keynesian financial solutions were for the public authority to impact the aggregate sum of total interest in the economy, frequently through government spending and tax breaks.

Step-by-step solution

:Concept introduction

Keynesian financial matters center around utilizing dynamic government strategy to oversee total interest to address or forestall monetary downturns.

Explanation

Keynesian financial matters doesn't need micro economic value controls of any kind. It is valid, however, that numerous Keynesian monetary solutions were for the public authority to impact the aggregate sum of total interest in the economy, regularly through government spending and tax breaks.