John Maynard Keynes created the aggregate expenditures model based primarily on what historical event?
A) Bank panic of 1907.
B) Great Depression.
C) Spectacular economic growth during World War II.
D) Economic expansion of the 1920s.

Question

Quizplus · Accepted Answer

Keynes created the aggregate expenditures model as a response to the Great Depression and the need to explain the persistent high unemployment rates during that time.

John Maynard Keynes Created the Aggregate Expenditures Model Based Primarily