Question

in his 1936 general theory, john maynard keynes contended that governments must intervene during economic downturns to restore demand. ____ his argument is compatible with fiscal policies that prioritize deficit spending during recessions, yet incompatible with classical economic views that assume markets will self - correct without state intervention.
23
mark for review
which choice completes the text with the most logical transition?
a that said,
b as such,
c likewise,
d on the other hand,

Explanation:

To determine the correct transition, we analyze the logical relationship between the two parts of the text. The first part states Keynes' contention that governments should intervene during economic downturns. The second part explains the implications of this argument (compatible with deficit - spending fiscal policies and incompatible with classical views). "As such" is used to show a consequence or a result of the previous statement. "That said" is used to introduce a contrasting or qualifying statement, which doesn't fit here as the second part is a result of Keynes' argument. "Likewise" is used to show similarity, but the second part is not a similar idea but a result. "On the other hand" is used to show a contrast, but there is no contrast between the two parts; instead, the second part is a result of the first. So, "As such" is the most logical transition.

Answer:

B. As such,