Ask Question
6 March, 00:03

The british economist john maynard keynes believed that recovery from the great depression required first abandoning the:

+4
Answers (1)
  1. 6 March, 00:09
    0
    John Maynard Keynes is known for his economic theory called Keynesian economics. He studied on ways to resolve the problem of the Great Depression. According to Keynes, the government should abandon or reduce tax rates, and at the same time, increase government spending as investments. By increasing government expenditures, it would open more job opportunities and investments into an economic zone. People will have high earnings, and because of lower taxes, they could buy what they want. For Keynes, this type of economic system called capitalism is the solution for the Great Depression.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The british economist john maynard keynes believed that recovery from the great depression required first abandoning the: ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers