Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?

A) Adam Smith
B) John Maynard Keynes
C) Milton Friedman
D) Herbert Hoover
E) Geert Hofstede

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, usually measured by GDP.

Private Sector

The part of the economy that is owned and operated by individuals and private companies, as opposed to being controlled by the government.