Economist John Maynard Keynes is famous for saying, "In the long run, we are all dead." This quote refers to the:

Question

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This quote by Keynes emphasizes the importance of timely government intervention in the economy. He argued that waiting for the economy to self-correct and return to its potential GDP (full employment) could take too long, and in the meantime, people suffer the consequences of recessions or depressions. Thus, he advocated for active fiscal and monetary policies to mitigate economic downturns.

Economist John Maynard Keynes Is Famous for Saying, "In the Long