During the recent economic crisis, Presidents George W. Bush and Barack Obama increased government spending by trillions, in order to revive the ailing economy. Their strategy followed the economic theory known as:

Question

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The economic theory that advocates for government intervention in the economy during periods of economic downturns, by increasing government spending and lowering taxes, is known as Keynesian economics. This theory was developed by British economist John Maynard Keynes and has been implemented by many governments during times of crisis, including Presidents George W. Bush and Barack Obama during the recent economic crisis. The other answer options (A, B, and D) are not recognized economic theories or schools of thought.

During the Recent Economic Crisis, Presidents George W