In response to the 2008 economic crisis,President Bush favored a massive spending program to shore up shaky banks.Which statement explains how this is an example of Keynesian economics?

Question

Quizplus · Accepted Answer

Keynesian economics advocates for government intervention during recessions through deficit spending, which is exactly what President Bush's massive spending program aimed to achieve. This approach is based on the belief that increased government spending can stimulate economic growth and help stabilize the economy during times of crisis.

In Response to the 2008 Economic Crisis,President Bush Favored a Massive