Answer to Question #179001 in Macroeconomics for tracy

Question

Discuss the effectiveness of Keynesian policies in the Jamaican economy given the effects of a global pandemic.       

Answer 1

The global pandemic has led to negative effects on the Jamaican economy leading the economy into depression. In this case, the Keynesian economic policies would be effective since they advocate for increased government expenditures and lower taxes to stimulate demand and pull back the Jamaican economy out of the depression.