John Maynard Keynes, in trying to end the Great Depression of the 1930s, argued that ____________.
A) supply and demand did not automatically balance in market economies
B) private investors could not be relied upon to make the right investment decisions to help a society achieve its full economic potential
C) communism was a better system than capitalism
D) national economies should be guided by state actions to attain sustained rates of growth
E) All of the above except C

Question

Quizplus · Accepted Answer

Keynes argued that in times of economic downturn, supply and demand might not automatically balance due to insufficient demand, private investors might not always make decisions beneficial for society's full economic potential, and that state intervention was necessary to guide the economy towards growth. He did not advocate for communism over capitalism, making all statements except C correct in the context of his economic theories.

John Maynard Keynes, in Trying to End the Great Depression