Asked by Christalline Agdan on Jun 09, 2024
Verified
During the period of the New Deal,________ theory that a government could boost employment
By stimulating demand became quite influential.
A) Adam Smith's
B) Milton Friedman's
C) Friedrich Hayek's
D) John Maynard Keynes's
New Deal
A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.
John Maynard Keynes
A British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and avoid economic depressions have had a profound influence on modern economic and political theory.
- Comprehend the function of the government in formulating economic policies and interventions.
Verified Answer
CB
Cheisea BarriosJun 14, 2024
Final Answer :
D
Explanation :
John Maynard Keynes's theory of government intervention in the economy became influential during the New Deal period. His theory suggested that government spending and fiscal policies could increase demand and boost employment during times of economic downturns.
Learning Objectives
- Comprehend the function of the government in formulating economic policies and interventions.