Which of the following decades is known as the "Golden Age of Keynesian Economics"?
A)The 1930s
B)The 1950s
C)The 1960s
D)The 1970s
E)The 1980s

Question

Quizplus · Accepted Answer

The 1960s is known as the "Golden Age of Keynesian Economics" as it was a time of high economic growth, low unemployment rates, and governments heavily influenced by Keynesian economic policies. This period was characterized by the belief in fiscal policy as an effective tool for stabilizing the economy, as well as government intervention in the form of public spending and regulation. However, this era began to decline in the 1970s due to the oil crisis and stagflation.

Which of the Following Decades Is Known as the "Golden