| A&A Morning Glory Learning Sdn Bhd |
Keynesian Economic Model
Related Links
An economic model or theory that emphasize on the application of fiscal policy by government to smooth out the business cycle and maintain full employment without inflation. This theory is widely practiced in Malaysia and the rest of the world. Keynesian economic model suggest that the level of output of a country is made up of the following components: consumption, investment, government spending, plus exports and minus imports. Hence, with the application of fiscal policy, for example, to have more government projects in the country, the GDP for the country may improve. |
| Copyrights 2005 by A&A Morning Glory Learning Sdn Bhd. All Rights Reserved. |
 | |  | |  | |  | |  | |  | |  | |  |
