According to John Maynard Keynes,
A) government policy makers should not intervene in the economy because a laissez-faire approach is best
B) the market economy is inherently unstable and the Great Depression was no accident
C) flexible wages and prices ensure that the economy will operate at full employment
D) the economy would never suffer from inadequate spending by consumers, businesses, and government

Question

Quizplus · Accepted Answer

Keynes argued that the market economy can be unstable and that the Great Depression was a result of its inherent issues, not an anomaly. He believed in government intervention to manage economic cycles.