Question

Which best explains the way Keynes’s economic ideas differed from Adam Smith’s?

Question 2 options:

Keynes believed in deficit spending, while Smith believed in spending more money than the government takes in.

Smith believed that governments should encourage economic growth through deficit spending, while Keynes championed laissez-faire economics.

Smith believed in laissez-faire economics, while Keynes thought governments should set high taxes.

Smith believed the government should have a very limited role in government, while Keynes believed governments should take direct actions to improve the economy.