Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Keynesian Economic Theory postulates that production and economic growth are stimulated by: A Lower government spending and decreased government borrowing B Higher government spending and decreased government borrowing C Lower government spending and increased government borrowing D Higher government spending and increased government borrowing

Sagot :

fernadiaz82

Answer:

The correct answer is the option D: Higher government spending and increased government borrowing.

Explanation:

To begin with, in the economic science the "Keynesian Economic Theory" represents one of the most famous approach in the area and that specifically focus on the study of the economy as a whole with the purpose of stimulating the economy by increasing the government spending and borrowing in order to achieve a higher inversion in the public sector so that more jobs will be generate it and with that more spending from part of the workers will take place in favor of the private sector. It was developed by John Keynes in 1936 with the purpose of trying to give a different focus on the way the economy was handle after the Great Depression of 1929.  

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.