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John Maynard Keynes created the aggregate expenditures model based primarily on what historical event?
Wiki User
∙ 12y ago
The Great Depression. John Maynard Keynes (1883-1946) was a noted economist who posited a theory of economic regulation that came to be called, 'supply-side' economics or Keynesian economics. Maynard's earliest research, prior to the Great Depression, focused on the relationship between unemployment, prices, and money supply.
After the Depression, as well as during WWII, Keynes advocated that governments actively control the money supply as a means of countering the cyclical effects of economic cycles. This was a great departure from the neoclassical economic thinking that dictated that markets be entirely free and left to evolve on their own, allowing pure supply and demand to rule markets. The success of Keynesian economic principles throughout the early and middle 20th century cemented it as the prevailing theory of economic management and regulation, at the national level, and by the 1950s, most western governments followed Keynesian theory in regulating their economies.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoThe answer is B. Great Depression.
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What did john maynard keynes think would resolve the great depression?
increased public expenditures through government programs (fiscal policy) and money supply (monetary policy)
How tall is Gerhard Maynard?
Maynard Kraak is 6' 1 1/2".
How tall is James Maynard?
James Maynard is 6' 1".
When did Arthur Maynard die?
Arthur Maynard died in 1959.
When was Chick Maynard born?
Chick Maynard was born in 1896.
Where is the Maynard Historical Soc in Maynard Massachusetts located?
The address of the Maynard Historical Soc is: 195 Main St, Maynard, MA 01754-2509
What is the phone number of the Maynard Historical Soc in Maynard Massachusetts?
The phone number of the Maynard Historical Soc is: 978-897-9455.
What does the company Maynard Ferguson do?
The Maynard Ferguson Company, sells music and merchandise related to the famed musician Maynard Ferguson. Primarily Mr. Ferguson was a Jazz musician whose works include "Come Blow Your Horn."
What did john maynard keynes think would resolve the great depression?
increased public expenditures through government programs (fiscal policy) and money supply (monetary policy)
Who is Conor Maynard's mother?
Conor Maynard is the son of Helen and Gary Maynard.
Where is the Maynard Public Library in Maynard located?
The Maynard Public Library in Maynard, Massachusetts is located at 77 Nason Street.
Where is the Maynard Community Library in Maynard located?
The address of the Maynard Community Library is: 225 Main St W, Maynard, 50655 0225
Does conor Maynard smoke?
No Maynard does not smoke
What is the birth name of Maynard Holmes?
Maynard Holmes's birth name is Alex Maynard Holmes.
What is the birth name of Brad Maynard?
Brad Maynard's birth name is Bradley Alan Maynard.
What is the birth name of James Maynard?
James Maynard's birth name is James Robert Maynard.
What is the birth name of Joyce Maynard?
Joyce Maynard's birth name is Daphne Joyce Maynard.
