Asked by
Emily Jansen
on Oct 13, 2024
Verified
Which of the following solutions would a Keynesian economist suggest to avoid turning the recession of the late 20s into the depression of the 30s?
A) Balance the federal budget
B) Decrease the available of unemployment compensation
C) Decrease the interest rate
D) Decrease government spending
Keynesian Economist
An economist who follows the principles of John Maynard Keynes, advocating for government intervention through fiscal and monetary policies to manage economic cycles.
Recession
A period of economic decline across an economy lasting more than a few months, typically visible in GDP, real income, employment, industrial production.
- Acknowledge the impact of Keynesian economic theories in addressing the challenges of recessions and depressions.
- Acquire an understanding of the rationale Keynes offered for the Great Depression and his advice on policy measures.
Verified Answer
DR
Learning Objectives
- Acknowledge the impact of Keynesian economic theories in addressing the challenges of recessions and depressions.
- Acquire an understanding of the rationale Keynes offered for the Great Depression and his advice on policy measures.