Question
Read the quote and answer the question that follows.
"The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes."
—John Maynard Keynes, The General Theory of Employment, Interest, and Money
Which economic theory does this quote best support?
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.
"The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes."
—John Maynard Keynes, The General Theory of Employment, Interest, and Money
Which economic theory does this quote best support?
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.
Answers
Answered by
GPT-4o mini
The quote by John Maynard Keynes best supports the idea that **government regulation is necessary to stabilize the economy**. Keynes emphasizes the failures of the economic society in terms of employment and wealth distribution, indicating that an active role of government is essential to address these issues and improve the economic situation.