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The twentieth-century economist who argued that governments should engage in large public works and lower interest rates to stimulate economically depressed economies was John Maynard Keynes. His ideas, articulated in "The General Theory of Employment, Interest, and Money" (1936), emphasized the importance of government intervention during economic downturns to boost demand and foster recovery. Keynes advocated for increased public spending to create jobs and stimulate economic activity, particularly during periods of recession.
What else can I help you with?
What of these concepts was proven by the neoclassical economists?
interference from governments had been harmful to the growth of economies during the nineteenth century
Why do many governments in countries with market economies control outlaw monopolies?
Monopolies can make excessive profits by over-charging consumers.
Why do many governments in countries with market economies outlaw or control monopolies?
Monopolies can make excessive profits by over-charging consumers.
How did spanish and portuguese policies prevent their latin American colonies from developing their own economies?
Mercantilist policies made Latin America economically dependent on Spain and Portugal
How did the increase in refugees due to world war i affect European economies?
Answer this question…Governments were forced to pay for food and shelter for poor refugees in their countries.
Does France have any allies with similar governments or economies or cultures?
Yes, France does have allies with similar governments, economies, and cultures. These allies include the entirety of the European Union, the US, and Canada.
The classical civilizations of India and China shared which of the following traits with the Roman Empire?
They each had complex governments.
Which was a major change in Northern and Western cities during the postwar years?
The economies of inner cities became more depressed.
Will the exchange rate get better?
Currency exchange rates are tied to the economies of the respective governments that print each currency. They are only predictable as far as those economies are predictable.
What of these concepts was proven by the neoclassical economists?
interference from governments had been harmful to the growth of economies during the nineteenth century
What effort did world war 1 have on the governments and Economies world wide?
Fewer manufactured goods were produced after the war.
What is one way that forests are economically valuable?
Forests are economically valuable through timber production. They provide wood for building materials, furniture, and paper products, which contribute to local economies and industries.
Why do many governments in countries with market economies control outlaw monopolies?
Monopolies can make excessive profits by over-charging consumers.
Why do many governments in countries with market economies outlaw or control monopolies?
Monopolies can make excessive profits by over-charging consumers.
What does MEDC and LEDC mean in geography?
MEDC = Most Economically Developed Country LEDC = Least Economically Developed Country These are the two extremes of the scale of economic prosperity of a country. Countries are classified as MEDC (developed, modern) and LEDC (developing, poor, or failed economies).
How did spanish and portuguese policies prevent their latin American colonies from developing their own economies?
Mercantilist policies made Latin America economically dependent on Spain and Portugal
What four south American countries have the most developed economy?
The four South American countries with the most developed economies are Brazil, Argentina, Chile, and Colombia. These countries have diverse and stable economies that are relatively more industrialized and advanced compared to other countries in the region.
