<u>It benefited the society by it increased the middle class as workers became more skilled in industry. It moderated skilled workers to move easier by providing economic independence. It brought wealth to the society.</u>
Keynes argued that the private sector was unable to keep the economy at full employment. as a result, the government should take an active role in managing the economy.
<h3>What is a
Keynesian economic theory?</h3>
According to Keynesian economics, the government should raise demand to spur economic growth. Consumer demand, according to Keynesians, is the main engine of an economy. Therefore, the hypothesis is in favor of an expansionary monetary policy. Government spending on infrastructure, unemployment benefits, and education are its key tools. Overusing Keynesian programs has the disadvantage of raising inflation. An economic school of thinking known as Keynesian Economic Theory holds that for economies to recover from recessions, government involvement is required.
To learn more about Keynesian economic theory visit:
brainly.com/question/12556754
#SPJ4
The changes in technology, the cost of obtaining fuels, and the number of oil deposits discovered are some of the factors that helps predict the future of oil production. The number of oil refineries operating in the past does not predict to the future of the oil industry.
The answer is letter C.
