QUESTION IMAGE
Question
which economist most likely would have agreed with the us government’s intervention during an economic crisis in 2008?
milton friedman
adam smith
john maynard keynes
friedrich von hayek
John Maynard Keynes advocated for government intervention in the economy during recessions or crises to stimulate demand. The 2008 economic crisis involved significant government intervention (e.g., bailouts, fiscal stimulus), which aligns with Keynesian economics. Milton Friedman (monetarist, less intervention), Adam Smith (laissez - faire, free market), and Friedrich von Hayek (opposed large - scale government intervention) would be less likely to agree with extensive government intervention in 2008.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
John Maynard Keynes