Question

The prevailing budget philosophy prior to Keynes called for a balanced budget. Keynes argued that the government should not balance its budget but instead have budget DEFICITS during

Answer 1

The period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS was during:

• D. Economic recessions.

According to the given question, we are asked to show the period which Keynes argued that the government should not balance its budget but instead have budget DEFICITS.

As a result, we can see that Keynes, one of the fathers of economics stated that it was important for the government to have budget deficits so that they could adequately navigate through the economic recessions at that periiod.

Therefore, the correct answer is option D

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