How did the economic philosophy of John Maynard Keynes differ from classical economists?

A) Keynes believed that governments should only control monetary policy while the classicists believed in wage and price control.

B) Keynes believed that governments could intervene to restart the economy while the classicists believed in market self-correction.

C) Keynes believed that motivated industries would restart the economy by providing jobs while the classicists believed in waiting.

D) Keynes believed that governments should not intervene to restart the economy while the classicists believed in spending and tax cuts.

Answers

Answer 1

John Maynard Keynes' economic philosophy differs from that of classical economists in that Keynes believed that governments should only control monetary policy, whereas classicists believed in wage and price control.

Who was John Maynard Keynes?

John Maynard Keynes was an English economist whose ideas essentially altered macroeconomic theory and activity, as well as government economic policies.

The economic philosophy of John Maynard Keynes disagrees from that of classical economists in that Keynes accepted that governments should only control monetary policy, whereas classical economists considered in wage and price control.

Therefore, option A is correct.

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Related Questions

what criticisms did critics on both the right and left level at the new deal

Answers

The criticisms that critics on both the right and left level gave regarding the New Deal are as follows:

Those on the right stated that the New Deal was bad because it related to "Laisse Faire" theory. They preferred that the economy should be left to correct itself.

The leftists, on the other hand, indicated that the New Deal was insufficient to correct the course of the economy.

What is the New Deal?

During the tenure of President Franklin D. Roosevelt, there were a series of projects and programs that were intended to jump-start the American Economy our of the Great Depression. These programs were named "the New Deal.

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What country was not respectful of Chinese traditions in effort to open up trade?

Answers

canada was not respectful

Industrialization in Japan, China, and Russia differed from industrialization in
the United States because it:
OA. created social problems and pollution in large cities.
B. was guided by government officials rather than by individual
business owners.
O C. avoided the construction and use of railroads to ship goods.
OD. developed very slowly in the face of rulers' opposition.

Answers

The answer is B. Those places didn’t have a free market capitalist system the way that American did.

Select the correct answer.
Rewrite the following equation as a function of x.
680x+10y - 1000 = 0
OA. f(x) = 100 - 68x
○ B. f(x) = 10 + z zx
1
68
OC. f(x) = 100 - 3
68

Answers

Rewriting the equation 680x + 10y - 1000 = 0 as a function of x will be x = = (1000 + 10y)/680

How to compute the equation?

The equation given is 680x+10y - 1000 = 0

We are to rewrite as a function of x. This will be:

680x + 10y - 1000 = 0

680x = 0 + 1000 - 10y

680x = 1000 + 10y

680x/680 = (1000 + 10y)/680

x = (1000 + 10y)/680

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Which of the following themes appear in Antigone?


Answers

Answer:

The themes that appear in Antigone are:civil disobedience,wrath of the gods,supreme power of fatemorality,versus, civil loyalty to family versus, loyalty to the state.

Explanation:

why do critics feel the us decision to drop the atomic bomb had more to do with the soviet union than japan?

Answers

Thousands attend the Hiroshima Peace Memorial Ceremony annually. Other critics argued that American diplomats had ulterior motives. The Soviet Union had entered the war against Japan, and the atomic bomb could be read as a strong message for the Soviets to tread lightly.

explain three consequences (e.g., social, cultural, economic, technological) of industrialization in the 19th and 20th centuries

Answers

Answer:

social - people formed more communities and the sense of community increased due to that

cultural - industrialization allowed for various cultures to dominate in different parts of the world and allowed cultures and ideas from that culture to spread. It also lead to cultural extinctions of many cultural groups because the British and other industrialized countries had a far greater advantage in terms of military and weaponry that countries that hadn't industrialized stood no chance against them. They might have been forced to assimilate into their culture through military conquest.

economic - lots of economic opportunities were enabled to people especially in factories and manufacturing. This led to an economic shift from an agricultural based economy with people living in rural areas to an industrialized and production based economy with people living in urban areas.

technological - lots of new tools were invented and mass produced using industrial technology that helped people do daily and labourous task way more efficiently and quickly thus specializing the economy even more. This meant more people could focus on more things other than agriculture and food and specialize in other things that they are good at.

Explanation:

Match each number on the map below to the correct body of water.

Answers

Answer:

1: Atlantic Ocean

2:Arctic ocean

3: North sea

4:baltic sea

5: Black Sea

6: Mediterranean Sea

Explanation:

In the given image of map, the body of water are: 1. Atlantic ocean, 2. Arctic Ocean, 3. North sea, 4. Baltic Sea, 5. Black sea, 6. Mediterranean Sea.

What do you mean by the Black sea?

Due to their propensity to refer to the South as "white" and the North as "black," the Anatolian Turks are largely credited for coining the term "Black Sea."

But the name originally appeared in a Hungarian document, and then it turned up in sources from much further north, like the Icelandic sagas and other Nordic tales.

The Black Sea is a sizable inland sea that borders Europe's southeast. It is surrounded by the countries of Ukraine, Russia, Georgia, Turkey, Bulgaria, and Romania and is one of the most well-known inland seas in the entire globe.

Therefore, in the the given image of map, the body of water are:

Atlantic ocean. Arctic Ocean. North sea. Baltic Sea. Black sea.Mediterranean Sea.

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Which would a scientist most likely do before asking a question that could lead to a scientific experiment?.

Answers

Perform background research to learn what is already known about the question you are trying to answer.

Which country built the most railroad lines during this period?

Russia
Germany
Great Britain
the United States

Answers

United States hope this helps!!!!

Answer:

united states

Explanation:

Which was a precedent set by George Washington in his first term as president?

Answers

Answer:

the maximum a person can serve.

Explanation:

After the United States declared war on Germany, approximately how long did it take for over a million American
Troops to arrive in Europe?
two months
two years
one month
one year

Answers

After the  United States declared war on Germany it took one year for the troops to arrive Europe.

What was the first world war?

This was a war that was fought by the world powers of Europe and America. The war was due to the expansionism of Germany and other issues.

After the United States had become a part of the war they fought together with other allied powers.

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The department of homeland security, the third largest cabinet department, has sole responsibility for the protection of the homeland. true false

Answers

The department of homeland security, the third-largest cabinet department, has a primary responsibility for the protection of the homeland, it is true.

What is Homeland Security?

Homeland Security is a national initiative that provides safety and security so that the residents of the nation may be defended, and the country can be protected from potential dangers (terrorism, natural disasters).

Has a large role to play in the security community as well as the intelligence community. The primary goal of the Department of Homeland Security is to protect the country from the numerous threats we encounter.

There are five main responsibilities, including cybersecurity, border security, protecting terrorist attacks, and aviation security.

As a result, this statement is true.

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Based on his address to the Joint Session of Congress and your understanding of the historical context surrounding the speech, which of the following principles is the most important to Truman's foreign policy philosophy?

Answers

The most important principle to Truman's policy was B. Free citizens would not support communist governments unless they were forced to do so.

What is Foreign Policy?

This refers to the way a government of a foreign power relates with other governments.

Hence, we can see that based on the foreign policy of the Harry Truman's administration, they were against communism and stated that free citizens would not support it, unless forced to do so.

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Answer:

B.

Explanation:

just took the test!!


X
-6
-1
0
3
y
-7
1
9
-2
What is the domain of the given function?
O {x|x = -6, -1, 0, 3}
(y ly=-7, -2, 1, 9}
{x|x=-7, -6, -2, -1, 0, 1, 3, 9}
(y ly=-7, -6, -2, -1, 0, 1, 3, 9}
13

Answers

Answer:

3 answer choice

Explanation:

i had this question

George washington introduced what animal to the united states.

Answers

Answer:

Washington recibió el regalo con gran entusiasmo y nombró a su burro Royal Gift. El animal fue una sensación en el país durante toda su vida. Al morir, dejó una huella genética a través de sus descendientes que perduró durante generaciones.

Explanation:

What could be the purpose of separating religion from politics in Bhutan​

Answers

Answer:

Politics exists to promote good administration and the benefit of citizens, whereas religion exists to promote social harmony, peace, and spiritual well-being.

what aspect of the production and distribution frame narrative changed most dramatically as a result of the expansion of trade routes?

Answers

The aspect of the production and distribution frame narrative that changed most dramatically as a result of the expansion of trade routes is: Mainly distribution.

What is trade route?

Trade route can be defined as the route or transport network that is use when shipping,  transporting or distributing goods from either the buyer to the seller or from seller to the buyer.

Mainly distribution is  the aspect of production that changes most when there is expansion of trade routes.

Therefore Mainly distribution tend to change dramatically.

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Imagine you want to convince the local school board that eliminating elective courses for struggling students is a bad idea. Which appeal would most likely move this audience to support your cause?

Answers

Saying that kids don't always want to attend to school and that retaining electives that they all enjoy and want to participate in is a fantastic method to keep them in school is the greatest way to reach audience.

What is the kind of appeal people can do to convince the audience?

By offering examples of data that are favorable to voluntary participation, people could appeal to their desire to produce productive members of society. people may also make the case for how certain classes, like art and shop, might help creative students on a psychological level.

Thus, Saying that kids don't always want to attend to school and that retaining

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Select the correct answer from each drop-down menu.
dexter has written a small passage on examples of religious dimensions. choose the correct way to complete the sentences.

there are a few concepts common to every religion. the hindus offer flowers to god. it is an example of the ______dimension.a christian attending sunday mass is an example of the______dimension, while a crucifix is an example of the____ dimension

Answers

There are some concepts common to all religions. Hindus offer flowers to God. it is an example of the spirituality dimension. a Christian attending Sunday Mass is an example of the religious dimension, while a crucifix is an example of the spirituality dimension.

What are the fundamental dimensions of religious life?

It is thus intrinsically a social and cultural dimension of human experience. Furthermore, religious life is made up of arbitrary, unnatural symbols that are formulated by specific social groups, groups that deal with and are "led" by such symbols, also in a specific way.

With this information, we can conclude that there are some concepts common to all religions. Hindus offer flowers to God. it is an example of the spirituality dimension. a Christian attending Sunday Mass is an example of the religious dimension, while a crucifix is an example of the spirituality dimension.

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How did Mansa Musa affect the Mali Empire?

Answers

The Mansa Musa was a famous ruler of the Mali empire because during his rule he set out the famous pilgrimage to Mecca.

Who is Mansa Musa?

Mansa Musa was the ninth Mansa of the Mali Empire. Mansa Musa was the ruler of the kingdom of Mali from 1312 C.E. to 1337 C.E.

Thus, in the reign of Mansa Musa, he set out on the famous pilgrimage to Mecca to spread Islamism all over the world.

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What may have occurred if Queen Liliuokalani had been able to restore the monarch's authority?

Answers

Queen Liliuokalani was overthrown from the monarchy by the western to take control of the Hawaii kingdom.

Effectiveness of Monarchy in Hawaii kingdom-

Hawaii wouldn't have been annexed by the US.No western influence might have been seen in the Hawaii kingdom.Military control and capitalism might not be throned by the Westerners.

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Irrigation increased:

a.
The production of crops.

b.
The need for an organizing body or government.

c.
All of the above.

Answers

Answer:

a

Explanation:

what was the main reason for the New Deal

Answers

The New deal programs centered on what historians discuss as the "three R's" that are relief for the unemployed and for the poor, recovery of the economy back to everyday levels, and reform of the economic system to prevent a repeat depression.

What became the motive of the New Deal?

The United States became withinside the throes of the Great Depression. Banks had been in crisis, and almost 1 / 4 of the group of workers became unemployed. Wages and salaries declined significantly, as did production.

U.S. President Franklin D. Roosevelt’s New Deal (1933–39) aimed to offer instant financial alleviation and result in reforms to stabilize the financial system.

Therefore, The New deal programs centered on what historians discuss as the "three R's": relief, recovery, and reform.

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Answer: To try and stimulate the economy in some way and end the Great Depression

In what year did juneteenth officially become a federal holiday?.

Answers

Answer:

2022

Explanation:

this was the first official juneteenth, banks were closed

The Federalist Pary lost its popular support and the election of 1800 for all of the following reasons except:

Answers

The Federalist Pary lost its popular support and the election of 1800 for all of the following reasons except the XYZ Affair.

What is Federalist Party?

The first political party in the United States was the Federalist Party, a traditionalist conservative group. From 1789 through 1801, it dominated the federal government under Alexander Hamilton.

The Alien and Sedition Acts : Four internal security legislation known as the Alien and Sedition Acts were enacted by the U.S. Congress in 1798 to limit immigration and rein in the excesses of a free press in preparation for a possible conflict with France. The XYZ Affair (1797) had made war with France seem imminent.

The XYZ Affair : Three French Foreign Minister agents—identified as X, Y, and Z in President John Adams' initial correspondence with Congress—and the French Foreign Minister's demand for a bribe from the American delegation were all factors in the XYZ Affair (1797–1798), which involved an American peace delegation in France.

The question is incomplete , the complete question is :

The Federalist Party lost its popular support and the election of 1800 for all of the following reasons except:

the Alien and Sedition Actsits unpopular policiesthe XYZ Affair

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how did liberal policies such as the establishment of the Peace Corps and increasing funding for scientific research help further US foreign policy?

Answers

The correct option is C : They reduced tensions with the soviet union by encouraging cooperation between the superpowers.

US foreign policy

The officially stated goals of the foreign policy of the United States of America, including all the bureaus and offices in the United States Department of State, as mentioned in the Foreign Policy Agenda of the Department of State, are "to build and sustain a more democratic, secure, and prosperous world for the benefit of the American people and the international community".

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Describe the current United States foreign policy of internationalism.

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Discussion Topic
Why did the United States move from more isolationist policies to acquiring
colonies and becoming more involved in world affairs?

Answers

By the late 19th and early 20th centuries, the U.S. shift from isolationism and continental expansion to imperialism. The primary motivations and factors that led to this were economic, exploratory, political, religious, and ethnocentric.

Comparing Algeria and the DRC

Which generalization does the information in the table support?

-most Africans are living on less than two dollars a day
-North African countries tend to be more developed than Sub-Saharan ones
-all Africans have access to an improved source
-most people in the DRC have a higher standard of living than those in Algeria

Answers

Answer:

I think the answer is B.  North African countries tend to be more developed than Sub-Saharan ones

Explanation:

I hope this helps!

Which option best completes this diagram? Reconstruction Abraham Lincoln Use federal resources to help former slaves find jobs and homes ? Plans Andrew Johnson Allow Southern states to reenter the union as quickly as possible Help Southern states protect their pre-Civil War cultures C. Require Southern citizens to take a loyalty oath D. Force the Radical Republicans to give up power OA. Put former Confederate leaders in prison OB. Support the passage of black codes in the South Which option best completes this diagram ? Reconstruction Abraham Lincoln Use federal resources to help former slaves find jobs and homes ? Plans Andrew Johnson Allow Southern states to reenter the union as quickly as possible Help Southern states protect their pre - Civil War cultures C. Require Southern citizens to take a loyalty oath D. Force the Radical Republicans to give up power OA . Put former Confederate leaders in prison OB . Support the passage of black codes in the South​

Answers

The option that best completes this diagram is: Allow Southern states to reenter the union as quickly as possible. The option that best completes the diagram is the plan of Andrew Johnson, which allowed Southern states to reenter the union as quickly as possible.

Reconstruction refers to the period following the Civil War during which the United States attempted to rebuild itself after the damage caused by the war. Reconstruction lasted from 1865 until 1877 when the last federal troops were withdrawn from the South.

The main focus of Reconstruction was the reunification of the Southern states into the Union, while also addressing the needs of newly freed slaves and repairing the damage caused by the Civil War. There were various plans and approaches to Reconstruction, including those of Abraham Lincoln and Andrew Johnson.

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