Question

This economist advocated for government intervention in the economy by increasing government spending to achieve economic growth through increases in aggregate demand.

OF.A. Hayek
Milton Friedman
Adam Smith
John Maynard Keynes

Answer 1

John Maynard Keynes championed the idea of government intervention in the economy to stimulate growth, particularly during financial downturns, through increased spending and aggregate demand.

Step-by-step explanation:

The economist who advocated for government intervention in the economy by increasing government spending to achieve economic growth through increases in aggregate demand was John Maynard Keynes. Keynesian economics, the school of thought based on Keynes's work, emphasizes the importance of government involvement, particularly during economic downturns.

By implementing fiscal and monetary measures, such as creating jobs programs and stimulating consumer spending, Keynes believed that governments could mitigate the effects of recessions and depressions. This approach was revolutionary at the time and has had significant influence on modern macroeconomics and governmental economic policies.