Starting with the Great Depression, macroeconomic policies became more influenced by
A) Marxist theories.
B) Classical theories.
C) Keynes' theories.
D) supply-side theories.

Question

Quizplus · Accepted Answer

The Great Depression led to the widespread adoption of Keynesian economics, which emphasized the role of government intervention in stabilizing the economy through fiscal and monetary policies. Marxist theories are more focused on the role of class struggle and the inevitable collapse of capitalism, and classical theories emphasize free markets and minimal government intervention. Supply-side theories did not gain prominence until the 1970s and 1980s.

Starting with the Great Depression, Macroeconomic Policies Became More Influenced