Search Council for Economic Education's full glossary for terms and definitions


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Keogh Plan

A federally-approved, tax-deferred savings program for self-employed people, allowing them to set money aside for their retirement.

Keynesian Economics

A school of thought that emphasizes the role government plays in stabilizing the economy by managing aggregate demand.

Keynesian Theory

The macroeconomic theory holding that business cycles are caused by changes in aggregate demand and that such cycles can and should be influenced by fiscal and monetary policy undertaken to promote economic stability.