John Maynard Keynes was a major historical economist who was made famous in the early part of the 20th century. He is considered the father of modern macroeconomics and his work has informed governments and thinkers for decades since this time. He challenged neoclassical economic theory which asserted that the market would correct itself to achieve full employment if workers would adjust to changes in wages. Instead Keynes asserted that this would not occur and that instead government intervention into the economy was necessary to deal with the booms and busts of the economic cycle.
The correct answer is C) the Aztec and Olmec. These civilizations were the modern-day cities of Puebla and Leon once home to the Aztec and Olmec. The Olmec civilization had its most prosperous years in Pre-classical Mesoamerica (1200 BCE to 400 BC
Answer:
A. True
Explanation:
During the Panic of 1907, there were a series of bank runs during a period of three weeks. This happened because the stock market fell for a while, and people believed that this was a sign of an economic recession.
Congress created the Federal Reserve in 1913, with the goal of giving it the power to control the money supply, the interest rates, and with the task of regulating the banking system.
D. he was one of the first men in space
