Economist John Maynard Keynes noted that one of the main contributors to the Great Depression in the 1930s was:
A) weak spending.
B) poor infrastructure for manufacturing.
C) a sharp decline in U.S. exports.
D) high interest rates.

Question

Quizplus · Accepted Answer

Keynes believed that weak spending was the main cause of the Great Depression because when people don't spend, businesses don't have enough revenue to continue operating, leading to layoffs and further reductions in spending. This creates a negative cycle that can lead to a recession or depression.

Economist John Maynard Keynes Noted That One of the Main