Which decade is known as the "Golden Age of Keynesian Economics"?
A)the 1930s
B)the 1950s
C)the 1960s
D)the 1970s
E)the 1980s

Question

Quizplus · Accepted Answer

The 1960s are known as the "Golden Age of Keynesian Economics" because it was a period of economic growth, low unemployment rates, and high government spending based on the theories of John Maynard Keynes. Many Western countries, especially the United States, adopted Keynesian policies to stimulate economic growth and stabilize the economy. However, this era began to decline in the 1970s due to the oil crisis and rising inflation, leading to the emergence of new economic theories such as monetarism and supply-side economics.

Which Decade Is Known as the "Golden Age of Keynesian