The theory that government needs to spend money ("pump priming") during periods of economic decline was developed by:
A) Ronald Wilson Reagan
B) John Maynard Keynes
C) Harry Truman
D) Theodore Roosevelt.

Question

Quizplus · Accepted Answer

John Maynard Keynes developed the theory that during periods of economic decline, the government should spend money to stimulate the economy, a concept known as "pump priming." This approach is a key element of Keynesian economics.

The Theory That Government Needs to Spend Money ("Pump Priming")