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The British Economist John Maynard Keynes Became Famous During the Depression

Question 4

Multiple Choice

The British economist John Maynard Keynes became famous during the depression of the 1930s because he


A) argued that if private investment funds were idle, government funds must be employed to encourage
B) argued that the only cure for the Great Depression was socialism.
C) encouraged governments to balance their budgets so that interest rates would go down and private enterprise could borrow more easily.
D) called for huge tax cuts to encourage consumer spending.

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