How Did John Maynard Keynes Explain the Great Depression, and What

question 6

Multiple Choice

How did John Maynard Keynes explain the Great Depression, and what did he suggest?

• A)Keynes explained that a market-clearing equilibrium would happen eventually; he suggested providing financial help to those who needed it and then waiting for the market to self-correct.
• B)Keynes came up with a theory stressing many supply and demand curves within the economy.
• C)Keynes explained that a market-clearing equilibrium only happens on its own in the long run; additional action was needed to get the economy out of the Depression.
• D)Keynes explained the Depression as a loss of faith or optimism among businessmen; he suggested economic encouragement for businessmen to end the Great Depression.

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