hydraulic Keynesianism (English, noun)
expansion: hydraulic Keynesianism (uncountable)
Senses:
topics: economics
sciences
glosses: A type of Keynesianism that assumes homogeneous macroeconomic aggregates and uses that assumption in relation to the Phillips curve to exploit a trade-off between inflation and unemployment, typically prioritising low unemployment at the expense of higher inflation.
tags: derogatory
uncountable
Forms: