The state of the economy during the 1970s and 1980s reinforced the ideas of Keynesian economic policies and their ability to successfully manage the macroeconomy.

Question

Quizplus · Accepted Answer

The state of the economy during the 1970s and 1980s actually challenged the effectiveness of Keynesian economic policies, and led to the emergence of new economic theories such as supply-side economics and monetarism.

The State of the Economy During the 1970s and 1980s