In 1936, a Broad Theory of Business Cycles Proposed by ______

question 90

Multiple Choice

In 1936, a broad theory of business cycles proposed by ______ was applied during the depths of the Great Depression.

• A)John Maynard Keynes
• B)Milton Friedman
• C)Adam Smith
• D)John Nash

---

Definitions:

Theorem

A proven statement or proposition that is derived based on previously established statements, such as other theorems, and generally accepted mathematical operations.

Research Hypothesis

A statement predicting a relationship between variables that is tested through research.

Null Hypothesis

A foundational assumption stating there is no meaningful variance or impact, serving as the initial basis for statistical analysis.

Theorem

A statement that has been proven on the basis of previously established statements, such as other theorems, and generally accepted principles, like axioms.