The Economist That Warned That Any Attempt to Alleviate the Great

question 33

Multiple Choice

The economist that warned that any attempt to alleviate the Great Depression with expansionary monetary policy "would, in the end, lead to a collapse worse than the one it was called in to remedy" was:

• A) John Maynard Keynes.
• B) Milton Friedman.
• C) Wesley Mitchel.
• D) Joseph Schumpeter.

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Definitions:

Core Capitalist Countries

Denotes nations that are at the forefront of the global economic system, characterized by strong, developed economies and significant influence over world trade and financial markets.

Peripheral Countries

Nations that are less economically developed with minimal influence in the global economic system, often exploited by more dominant, economically powerful countries.

Taiwan

An island in East Asia, known for its dynamic economy and vibrant democracy, despite complex international status and relations with China.