_____ is the theory that was popular before _____ changed the face of economics post Great Depression in the 1930s.
A)Classical economics;Milton Friedman
B)Keynesian economics;Monetarists
C)Classical economics;Keynes
D)Monetarist economics;Adam Smith
E)Keynesian economics;Milton Friedman

Question

Quizplus · Accepted Answer

Classical economics was the prevailing economic theory before the Great Depression. It emphasized the primary role of free markets and the self-regulating nature of the economy. However, after the Great Depression, John Maynard Keynes introduced his ideas about macroeconomics, which challenged the assumptions of classical economics. Therefore, the theory that changed the face of economics post Great Depression was Keynesian economics.

_____ Is the Theory That Was Popular Before _____ Changed

_ Is the Theory That Was Popular Before _ Changed