Keynesian Economics

Definition of "Keynesian economics"

Garrett & Terri Fox real estate agent
Garrett & Terri Fox, Real Estate Agent Nathan Grace Real Estate

Theory, named after the British economist John Maynard Keynes, that deals with current consumption at the expense of saving. This theory has important implications for life insurance products and annuities since their purchase requires foregoing a portion of current consumption in favor of savings and future financial security.


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