Which of the following best describes the Keynesian approach to economic policy?
A) supply-sided
B) classical
C) demand-sided
D) laissez-faire

Question

Which of the following best describes the Keynesian approach to economic policy?  
A) supply-sided 
B) classical 
C) demand-sided 
D) laissez-faire

Quizplus · Accepted Answer

The Keynesian approach to economic policy focuses on demand-sided policies. This means that the government intervenes in the economy to stimulate demand, often through increased government spending, in order to boost economic growth and reduce unemployment. This approach contrasts with laissez-faire (D) policies that advocate for minimal government intervention in the economy. Supply-sided (A) and classical (B) approaches prioritize supply and emphasize free markets and reducing barriers to production.

Which of the Following Best Describes the Keynesian Approach to Economic