After the acceptance of Keynesian analysis, the government:
A) played a role in setting the interest rate only.
B) actions toward macroeconomic policy grew significantly.
C) reduced its role in the operation of the economy.
D) turned to communism as the only solution to the Great Depression.

Question

Quizplus · Accepted Answer

Keynesian analysis advocated for active government intervention in the economy, particularly through fiscal policy, to manage economic cycles and address issues like unemployment and inflation. This led to a significant increase in government actions toward macroeconomic policy.

After the Acceptance of Keynesian Analysis, the Government