Assignment:
Discuss the weakness of Keynesian fiscal expansionary policy as it relates to the European debt crisis. Does the Keynesian model ultimately end up causing massive levels of government debt which cannot be paid thus leading to the austerity measures we are seeing in Greece? Is the Keynesian model politically realistic when it comes to contractionary fiscal policies or does it lend itself to governmental accumulation of massive levels of debt?
Please answer correctly
Note: No plagiarism please. Write 400 words atleast. I need computerized answer not handwritten.