__________ Originally Proposed the Use of Government Spending to Stimulate

question 65

Multiple Choice

__________ originally proposed the use of government spending to stimulate the economy in the 1930s during the Great Depression.

• A) John Maynard Keynes
• B) Franklin Delano Roosevelt
• C) Albert Einstein
• D) Ronald Reagan

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Definitions:

Statistical Discrepancy

The difference between the sum of the components of GDP calculated on the income side and the expenditure side, due to measurement errors and data omissions.

International Reserves

International reserves are assets held by central banks in foreign currencies, gold, and special drawing rights, serving as a means to pay off international debt obligations or influence currency exchange rates.

Unilateral Transfers

These are one-way transfers of funds or resources from one country to another or from governments to international organizations without a direct reciprocal expectation.

Persian Gulf War

a conflict that took place from 1990 to 1991, initiated by Iraq's invasion of Kuwait, leading to military intervention by a coalition led by the United States.