DEFINITION of 'Keynesian Economics'. An economic theory of total spending in the economy and its effects on output and inflation.Keynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression.Keynes advocated increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the Depression.eynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression.
Synonyms of filter: sieve, mesh, gauze, strainer, membrane | Collins English Thesaurus English Thesaurus | Dictionary | Translator | Grammar | Scrabble | Blog English
Definition of absorb. 1  transitive verb. 2  1a : to take in (something, such as water) in a natural or gradual way a sponge absorbs water charcoal absorbs gas plant roots absorb waterb : to take in (knowledge, attitudes, etc.) : acquire, learn â¦ convictions absorbed in youth â¦ â M. R. Cohenc : use up, consume The fever absorbed her strength.