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Assessment
What economic principle did John Maynard Keynes advocate that significantly influenced New Deal policies?
Government intervention to stimulate demand
Laissez-faire capitalism
Supply-side economics
Monetary neutrality
How did Keynesian economics suggest dealing with high unemployment during the Great Depression?
Cutting government spending
Increasing taxes on businesses
Implementing large public works projects
Encouraging consumers to save more
What role did deficit spending play in Keynes' economic theories as applied in the New Deal?
It was discouraged as it leads to inflation.
It was viewed as necessary to boost economic recovery.
It was only recommended during times of prosperity.
It was replaced by balanced budgets.
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