The experience of the period 1939-1942 convinced many Canadian economists of the real world relevance of Keynes' explanation of how __________ could eliminate a(n)________ and sharply reduce the _________.

Question

Quizplus · Accepted Answer

During 1939-1942, the use of government purchases to address a recessionary gap and reduce unemployment was consistent with Keynesian economics, which emphasizes fiscal policy as a tool to stimulate demand and reduce unemployment during economic downturns.

The Experience of the Period 1939-1942 Convinced Many Canadian Economists