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Many countries responded to John Maynard Keynes's economic theories by:A.creating programs to protect citizens from economic difficulties.B.giving the government total control over the prices and production of goods.C.reducing tax rates in an effort to get businesses to hire more workers.D.cutting themselves off entirely from foreign trade and investment.

Question

Many countries responded to John Maynard Keynes's economic theories by:A.creating programs to protect citizens from economic difficulties.B.giving the government total control over the prices and production of goods.C.reducing tax rates in an effort to get businesses to hire more workers.D.cutting themselves off entirely from foreign trade and investment.

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Solution

The correct answer is A. Many countries responded to John Maynard Keynes's economic theories by creating programs to protect citizens from economic difficulties. Keynesian economics advocates for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression. Therefore, in response to his theories, many countries established programs to protect their citizens from economic hardships.

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