Keynesian economics:
A) has been the undisputed correct view of the macroeconomy since the 1930s.
B) reached its peak of popularity during the 1960s, came under attack in the 1970s and 1980s, and recently saw its policy tools used again.
C) was not popular until it was adopted by the Clinton administration as the official viewpoint for its economic policies.
D) failed during the 1930s because of its inability to explain the high rates of unemployment during the Great Depression.

Question

Quizplus · Accepted Answer

Keynesian economics indeed reached its peak during the 1960s, faced criticism in the 1970s and 1980s, especially from monetarist and supply-side economists, but saw a resurgence in interest and application, particularly during the global financial crisis of 2007-2008 when Keynesian policy tools were widely used to stimulate economies.

Keynesian Economics