While Keynes argued that the Great Depression was caused by government interference in
Jthe economy, monetarists contended that it was the result of a decline in investment
Jexpenditures.

Question

Quizplus · Accepted Answer

While Keynes emphasized the role of government intervention in addressing the economic downturn, he did not attribute the cause of the Great Depression to it. Monetarists, on the other hand, believed that the decline in investment expenditures, particularly in the money supply, was a significant factor in causing the downturn.

While Keynes Argued That the Great Depression Was Caused by Government