Who argued during the 1930s that the state could stimulate economic growth and improve stability in the private sector?
A)Adam Smith
B)John Maynard Keynes
C)Milton Friedman
D)Herbert Hoover
E)Geert Hofstede

Question

Quizplus · Accepted Answer

John Maynard Keynes argued that during economic downturns, the state could stimulate economic growth and improve stability in the private sector by increasing government spending and/or cutting taxes. This theory became known as Keynesian economics and was influential during the Great Depression of the 1930s.

Who Argued During the 1930s That the State Could Stimulate