The Historical Validation of Keynes's Theory Came Through The

question 229

Multiple Choice

The historical validation of Keynes's theory came through the:

• A) expansion in aggregate demand resulting from drastic interest rate cuts in the early 1940s.
• B) successful application of his theories in the United States during the Great Depression in the early 1930s.
• C) expansion in aggregate demand resulting from massive military spending in the early 1940s.
• D) successful application of his theories in the United Kingdom during the mid 1930s.

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Definitions:

Prudence Crandall

An American educator who became a figure of controversy and perseverance for establishing a school for African American girls in the 1830s.

Harassment

Behavior aimed at another person that is unwanted, offensive, or threatening, often creating a hostile environment.

Stock Minstrel Character

A stereotypical and often derogatory caricature, historically used in minstrel shows, which misrepresented African American culture.

Jim Crow

Laws or policies enforcing racial segregation and discrimination against African Americans, primarily in the Southern United States, from the late 19th to the mid-20th century.