Lesson 63 pg. 171 - 175

Question 1

Who was John Maynard Keynes?

Answer 1

> British economist who promoted philosophy that it is the government’s responsibility to pump money into an economy and ensure a low unemployment rate
founder of Keynesian school of economics

Question 2

What is Keynesianism

Answer 2

> based on belief that a society’s economic problems can be better solved by “expert planners” than by the natural, automatic corrections made by a free market
started by John Maynard Keynes