The economist that most likely would have agreed with the US government's intervention during an economic crisis in 2008 would be John Maynard Keynes.
Explanation:
John Maynard Keynes was a British economist and philosopher. He is best known for his economic contributions. Among other things, he argued for an active fiscal and stabilization policy. This was perceived in the 1930s as an intellectual counterpart to the classic macroeconomic theory. Keynesianism, in particular, diverged into the so-called Austrian and Neo-Austrian school, represented by Friedrich August von Hayek and others, and later Milton Friedman's Monetary School of Chicago. With his economic interventionism, Keynes was neither a socialist nor a classical liberal, but a social liberal.
According to Keynes, the state should use funds as a tool to mitigate the adverse effects of severe economic downturns, recessions and upturns. In addition, the state had to make investments to achieve the goal of full employment.
keynesian economics explains the economic theories of john maynard keynes. keynes said capitalism is a good financial system. in a capitalist system, people earn money from their work. businesses contract and pay people to work. then people can consume their money on things they need.
The economist that most likely would have agreed with the US government's intervention during an economic crisis in 2008 would be John Maynard Keynes.
Explanation:
John Maynard Keynes was a British economist and philosopher. He is best known for his economic contributions. Among other things, he argued for an active fiscal and stabilization policy. This was perceived in the 1930s as an intellectual counterpart to the classic macroeconomic theory. Keynesianism, in particular, diverged into the so-called Austrian and Neo-Austrian school, represented by Friedrich August von Hayek and others, and later Milton Friedman's Monetary School of Chicago. With his economic interventionism, Keynes was neither a socialist nor a classical liberal, but a social liberal.
According to Keynes, the state should use funds as a tool to mitigate the adverse effects of severe economic downturns, recessions and upturns. In addition, the state had to make investments to achieve the goal of full employment.
John Maynard Keynes
Explanation: EDG 2020
John Maynard Keynes
Explanation:
Got it right on EDGE test
correct answer choice is :
c) john maynard keynes explanation:
keynesian economics explains the economic theories of john maynard keynes. keynes said capitalism is a good financial system. in a capitalist system, people earn money from their work. businesses contract and pay people to work. then people can consume their money on things they need.
The correct answer according to edgenuity is c. john maynard keynes.
Question: Which economist most likely would have agreed with the US government's intervention during an economic crisis in 2008?
John Maynard Keynes
Explanation: he had a theroy to lower taxes and help the government to pull the economy out of deppresion at the time
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