In 1936, a broad theory of business cycles proposed by ______ was applied during the depths of the Great Depression.

Question

Quizplus · Accepted Answer

John Maynard Keynes proposed a broad theory of business cycles during the depths of the Great Depression in 1936. His theory emphasized the role of government intervention to stimulate and stabilize the economy during times of crisis. This theory, known as Keynesian economics, became widely influential in the post-war era and remains an important lens for understanding economic policy today. Options B, C, and D are not relevant to the question.

In 1936, a Broad Theory of Business Cycles Proposed by ______