__________ originally proposed the use of government spending to stimulate the economy in the 1930s during the Great Depression.

Question

Quizplus · Accepted Answer

Economist John Maynard Keynes originally proposed the use of government spending to stimulate the economy in the 1930s during the Great Depression. He argued that the reason for the steep decline in GDP during the Depression was the lack of demand-a problem the government could correct by spending more, thus the basis of the Keynesian approach.

__________ Originally Proposed the Use of Government Spending to Stimulate