Whose General Theory argued that fiscal policy should stabilise output…

Question

Whose General Theory argued that fiscal policy should stabilise output and employment?

Accepted Answer

D. Keynes

1. Changes in spending and taxes steady the economy.
2. Keynes made this argument.
3. Fiscal policy creates surpluses or deficits.
_Source: syllabus Introductory Macroeconomics, Chapter 5, Government Budget and the Economy._

Answer

Smith

Answer

Marx

Answer

Mill

Whose General Theory argued that fiscal policy should stabilise output and employment?

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