When faced with the Great Recession,both Presidents,most members of Congress and Federal Reserve officials showed that they were really true believers in the ___________ school of economic thought.

Question

Quizplus · Accepted Answer

The Keynesian school of economic thought emphasizes the role of government spending and intervention during times of economic downturns to stimulate demand and create jobs. During the Great Recession, the government implemented several Keynesian policies, such as the American Recovery and Reinvestment Act, to jumpstart the economy. Additionally, the Federal Reserve used monetary policy to stimulate economic growth, which is also consistent with Keynesian theory.

When Faced with the Great Recession,both Presidents,most Members of Congress