Hi. Summarize the core ideas and impact of Keynesian economics as described in this text. 

Keynesian economics is an economic theory based on the ideas of 20th-century British economist John Maynard Keynes. Keynes argued that aggregate demand—the total demand for goods and services within an economy—is the primary driving force of economic growth and employment. According to Keynesian economics, in the short run, especially during periods of recession, economic output is strongly influenced by aggregate demand. In such times, Keynesian economists advocate for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. This theory challenges the classical notion that free markets are always able to regulate themselves. The impact of Keynesian economics was most evident during and after the Great Depression, as many Western governments adopted Keynesian policies to revive their economies. The approach laid the foundation for modern macroeconomic theory and influenced economic policy and practices for decades.
Hi. Summarize the core ideas and impact of Keynesian economics as described in this text. 

Keynesian economics is an economic theory based on the ideas of 20th-century British economist John Maynard Keynes. Keynes argued that aggregate demand—the total demand for goods and services within an economy—is the primary driving force of economic growth and employment. According to Keynesian economics, in the short run, especially during periods of recession, economic output is strongly influenced by aggregate demand. In such times, Keynesian economists advocate for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. This theory challenges the classical notion that free markets are always able to regulate themselves. The impact of Keynesian economics was most evident during and after the Great Depression, as many Western governments adopted Keynesian policies to revive their economies. The approach laid the foundation for modern macroeconomic theory and influenced economic policy and practices for decades.
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Keynesian economics, developed by John Maynard Keynes, posits that aggregate demand is the main driver of economic growth and employment. It suggests that during recessions, government spending should increase and taxes should decrease to boost demand. This theory opposes the classical idea that free markets can self-regulate. Keynesian policies were notably adopted during and after the Great Depression to stimulate economic recovery, significantly shaping modern macroeconomic theory and policy.
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Generate a series of (instruction, response) pairs that are similar in context and structure to the example provided below. Each pair should consist of a concise instruction followed by an appropriate, detailed response. The instruction should pose a clear task or question, while the response should provide a comprehensive answer or solution that could be understood by someone with a basic understanding of the subject.

Example pair: 
Instruction: Hello. What are the key points of the Dawes Plan contained in this text? 

The Dawes Plan

In late 1923, with the European powers stalemated over German reparations, the Reparation Commission formed a committee to review the situation. Headed by Charles G. Dawes (Chicago banker, former Director of the Bureau of the Budget, and future Vice President), the committee presented its proposal in April 1924. Under the Dawes Plan, Germany’s annual reparation payments would be reduced, increasing over time as its economy improved; the full amount to be paid, however, was left undetermined. Economic policy making in Berlin would be reorganized under foreign supervision and a new currency, the Reichsmark, adopted. France and Belgium would evacuate the Ruhr and foreign banks would loan the German government $200 million to help encourage economic stabilization. 

U.S. financier J. P. Morgan floated the loan on the U.S. market, which was quickly oversubscribed. Over the next four years, U.S. banks continued to lend Germany enough money to enable it to meet its reparation payments to countries such as France and the United Kingdom. These countries, in turn, used their reparation payments from Germany to service their war debts to the United States. In 1925, Dawes was a co-recipient of the Nobel Peace Prize in recognition of his plan’s contribution to the resolution of the crisis over reparations.
Response: Under the Dawes Plan and due to economic conditions, Germany's annual reparations amount would be lowered. The amount would increase as Germany's economy grew stronger. Germany would adopt a new currency, the Reichsmark, and foreign governments would oversee Germany's economic policy construction. Germany would receive $200 million from foreign banks to promote and maintain economic balance, and the Ruhr would return to Germany.

Your task is to generate more pairs that maintain this level of clarity and detail. The topic is Summarization. Write a long text of instruction by yourself, then summarize the given instruction in a response. Ensure that the responses are informative and accurate, suitable for an educational context. 

Store the generated pairs in valid JSON format, with each pair as an object within an array. Each object should have two key-value pairs: "instruction" and "response". For instance: 

{"contents": [{"instruction": "text", "response": "text"}, {"instruction": "text", "response": "text"}, ...]} 

Remember to maintain consistency in the format and ensure the generated pairs are diverse and cover a broad range of subjects. You must return the response in the asked format and you must not add any additional text in your response.
