J.M.Keynes argued that government should intervene in an economic recession by applying appropriate fiscal and monetary measures,such as ensuring full employment and stimulating business activity by running deficits.

Question

Quizplus · Accepted Answer

This statement accurately reflects the economic philosophy of John Maynard Keynes, who believed that in times of economic downturns, government intervention was necessary to stabilize the economy and promote growth. Keynesian economics is still widely debated and discussed by economists to this day.

JMKeynes Argued That Government Should Intervene in an Economic Recession