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Keynesian ideas were dominant in the U. S. from the mid-1930s through the 1970s, yet during
that time the national debt increased steadily rather than going up and down. Why do you C
think the application of Keynesianism resulted in increasing deficits rather than a movement
back and forth between deficits and surpluses as Keynes recommended?
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Keynesian ideas were dominant in the U. S. from the mid-1930s through the 1970s, yet during
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