John Maynard Keynes argued that the fundamental problem which led to the world depression was
A) negative net exports on goods and services.
B) a decreasing supply of goods and services.
C) insufficient demand for goods and services.
D) a shortage of goods and services.

Question

Quizplus · Accepted Answer

Keynes argued that insufficient demand for goods and services was the fundamental problem that led to the world depression. He believed that government intervention through increased fiscal spending could stimulate demand and lift the economy out of a depression.

John Maynard Keynes Argued That the Fundamental Problem Which Led