The economist in the 1930s who is credited with key insights into causes of economic downturns was:
A) John Maynard Keynes
B) Ben Bernanke
C) Adam Smith
D) David Ricardo

Question

Quizplus · Accepted Answer

John Maynard Keynes is credited with developing Keynesian economics, which argues that government intervention in the economy is necessary to stabilize fluctuations in output and employment levels. His theories became popular during the Great Depression of the 1930s and influenced economic policy in the decades that followed.

The Economist in the 1930s Who Is Credited with Key