Can3toannetk Can3toannetk

30-04-2016
Social Studies

Answered

Which famous economist believed that if governments spend during a depression, they can revive a national economy?

AAdam Smith
BJules Dupuit
CKarl Marx
DJohn Maynard Keynes

Verified Answer :

WorldCitizen WorldCitizen

04-05-2016

This would be John Maynard Keynes
!

He was deeply skeptical of austerity measures during recession and during the Great Depression (in 1930s). He argued that during this time budget deficits were not a problem and instead they can help overcome the problems.

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