Multiple choice general knowledge

Which economics was adopted to ease recession?

  1. Austrianism economics

  2. Keynesian economics

  3. New classical economics

  4. Real business cycle theory
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Keynesian economics, developed by John Maynard Keynes, was widely adopted to combat the 2008 recession. This approach advocates for government intervention through fiscal stimulus and monetary policy to boost aggregate demand during economic downturns. Many governments implemented large-scale stimulus packages based on Keynesian principles.

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