Which of the following was implied by the economic theories promoted by John Maynard Keynes?
A) The role of business and economic production was to serve the interests of the state.
B) Human nature was best served by an economy made up of many small producers in competition with one another.
C) The ideal human society was one in which everyone contributed what they could and took what they needed.
D) At times states needed to compensate for failures in the market by stimulating the economy with job creation and increasing the supply of currency.

Question

Quizplus · Accepted Answer

John Maynard Keynes believed that at times the market could fail, leading to unemployment and economic stagnation. In these situations, it was the role of the government to stimulate the economy by creating jobs and increasing the supply of currency. This idea is often referred to as Keynesian economics.

Which of the Following Was Implied by the Economic Theories