Which Is True of John Maynard Keynes

question 46

Multiple Choice

Which is true of John Maynard Keynes?

• A)He believed that serious economic contractions were natural phases in an otherwise healthy system.
• B)He provided a model that closely resembled that of Adam Smith.
• C)He advocated a decrease in the money supply to stabilize the economy.
• D)He argued that increased government demand should offset reduced private sector demand to prevent depression.
• E)He advocated tax increases to balance the federal government's budget during the Great Depression.

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Definitions:

Claim

A statement or assertion, often in the context of an argument or dispute, that something is the case.

Direct Approach

A method of communication that is straightforward and clear, often used to address issues or topics without ambiguity.

Complex Situation

A scenario involving multiple interconnected elements, variables, or conditions, which makes it difficult to understand or resolve.

Extensive Information

A large amount of data or details on a particular subject, providing a comprehensive understanding or knowledge base.