Which of the following economists developed a theory during the Great Depression that dominated macroeconomic policy approaches for the next fifty years?
A) Milton Friedman
B) Ben Bernanke
C) John Maynard Keynes
D) Adam Smith

Question

Quizplus · Accepted Answer

John Maynard Keynes developed Keynesian economics during the Great Depression, which significantly influenced macroeconomic policy for decades. His theory advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression.

Which of the Following Economists Developed a Theory During the Great