" The outstanding faults of the economic society in which we live are it's failure to provide for full employment and it's arbitrary and inequitable distribution of wealth and incomes "

- John Maynard Keynes

This quotation best supports which of the economic theories of John Maynard Keynes?
Businesses and jobs rely most strongly on consumer demand.

Government regulation is necessary to stabilize the economy.

Markets operate best when allowed to operate freely.

Private individuals can best make their own economic decisions.

I chose C and I got it wrong.

Question

" The outstanding faults of the economic society in which we live are it's failure to provide for full employment and it's arbitrary and inequitable distribution of wealth and incomes "

- John Maynard Keynes

This quotation best supports which of the economic theories of John Maynard Keynes?
Businesses and jobs rely most strongly on consumer demand.

 Government regulation is necessary to stabilize the economy.

 Markets operate best when allowed to operate freely.

 Private individuals can best make their own economic decisions.


I chose C and I got it wrong.

anonymous · Answer

This was the info that I was given in the lesson to go off of for this question. 

He believed in capitalism—that individuals should answer the basic economic questions of what to produce, how to produce, and for whom to produce. However, he believed that a capitalist system could be most efficient and protected from the negative consequences of major booms and busts through the government.

anonymous · Answer

Need to know what describes Adam Smith's economic theories: Government, private entities, church involvement