By the 1950s, the views of the Classical economists among American economists:
A)had been largely eclipsed by Keynesian views.
B)had largely replaced Keynesian views.
C)were about as widely held as Keynesian views.
D)were just starting to be developed in response to the Great Depression.

Question

Quizplus · Accepted Answer

By the 1950s, Keynesian economics, which advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression, had largely eclipsed classical economics among American economists. Classical economics, with its emphasis on free markets and limited government intervention, was not the dominant view during this period.

By the 1950s, the Views of the Classical Economists Among