Here is the correct answer of the given question above. The early efforts that were made to control the new corporate industrial giants, and how effective these efforts were is the Anti-Trust Sherman Act. This kept big businesses from grouping together and acquiring a monopoly in whatever they are doing. Hope this answer helps.
Answer: Keynesian Economic Theory
Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of Keynesian Economic theory.
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