According to Keynes’ theory of fiscal stimulus, an injection of government spending eventually leads to added business activity ... and the cycle continues. Keynes and his followers believed ...

Keynesian theory’s popularity waned then because it had no appropriate policy response for stagflation. Monetarist economists doubted the ability of governments to regulate the business cycle with ...

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, ...

In This ArticleIntroduction to Business CycleWhat Are Economic Cycles?What Causes Economic Cycles?Key Economic Theories on ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...