Other Deficit Spending - AP Macroeconomics

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Question

The British economist who notably advocated deficit spending in order to pull a nation out of a recession or depression is                   .

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Answer

John Maynard Keynes began arguing forcefully in the 1920s that spending in a deficit would actually help a country get out of an economic depression. The Great Depression of the 1930s saw many governments put Keynes' theories to the test, often with economic success. This time period is often known as the Keynesian Revolution.

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