The major economic issue during the Great Depression of the 1930s that concerned John Maynard Keynes was:
A) Rising interest rates
B) Large trade deficits
C) Unemployment
D) Hyperinflation

Question

Quizplus · Accepted Answer

John Maynard Keynes was primarily concerned with the issue of unemployment during the Great Depression. He believed that the government needed to intervene in the economy through increased spending and decreased taxes in order to stimulate demand and create jobs. This approach became known as Keynesian economics, and it remains an important approach to economic policy today.

The Major Economic Issue During the Great Depression of the 1930s