Keynes (1941)claimed that government spending during wartime could generate a healthy increase in the demand for output,thus raising employment levels and boosting incomes.To avoid inflation,physical rationing,monetary measures and other controls were consequently needed.

Question

Quizplus · Accepted Answer

This accurately summarizes Keynes' belief that government spending during wartime could stimulate economic growth and increase demand, but that measures were needed to prevent inflation.

Keynes (1941)claimed That Government Spending During Wartime Could Generate a Healthy