Full employment
The problems of the people would be full employment.
Depression and Unemployment.
The government
John Maynard Keynes
John Maynard Keynes believed that the Great Depression was primarily caused by a lack of aggregate demand in the economy. He argued that insufficient consumer spending and investment led to widespread unemployment and business failures. Keynes criticized the classical economic theory that advocated for self-correcting markets, asserting instead that government intervention was necessary to stimulate demand and restore economic stability. His ideas laid the foundation for modern macroeconomic theory and policies aimed at managing economic cycles.
Full Employment
Keynes believed that only government intervention could get a country out of a depression and the economy back on track.
The problems of the people would be full employment.
Great Depression
john maynard keynes
less supply , more demand , full employment , lower prices
Depression and Unemployment.
john maynard keynes! goodluck on the test
Depression and Unemployment.
The government
John Maynard Keynes
John Maynard Keynes believed that the Great Depression was primarily caused by a lack of aggregate demand in the economy. He argued that insufficient consumer spending and investment led to widespread unemployment and business failures. Keynes criticized the classical economic theory that advocated for self-correcting markets, asserting instead that government intervention was necessary to stimulate demand and restore economic stability. His ideas laid the foundation for modern macroeconomic theory and policies aimed at managing economic cycles.