Return to top. Keynesian economics is a theory of total spending in the economy (called aggregate demand) and its effects on output and inflation. Although the term has been used (and abused) to describe many things over the years, six principal tenets seem central to Keynesianism.The first three describe how the economy works.1.. A Keynesian believes that aggregate demand is influenced by a host of economic decisionsâboth public and privateâand sometimes behaves erratically. The public decisions include, most prominently, those on monetary and fiscal (i.e., spending and tax) policies.
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The Governor has a 10-person cabinet, each of whom oversees a portion of the government under direct administration (as opposed to independent executive agencies). See Government of Massachusetts for a complete listing.he title His Excellency is a throwback to the royally appointed Governors of the Province of Massachusetts Bay. The first Governor to use the title was Richard Coote, 1st Earl of Bellomont in 1699; since he was an Earl, it was thought proper to call him Your Excellency..