Why did Keynes think deficit spending was necessary during periods of recession (such as the Great Depression)?

Keynes argued that inadequate overall demand could lead to prolonged periods of high unemployment. But during a recession, strong forces often dampen demand as spending goes down

Step-by-step explanation:

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step-by-step explanation:

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation: