Choose that given statement is true/false:

John Maynard Keynes was a British Economist.

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True

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Detailed Solution

The above statement is true.
John Maynard Keynes was a British Economist. Keynes was an English economist, journalist and financier. He was best known for his economic theories on the background causes of unemployment, known as the Keynesian theories. His most well-known work was “ the general theory of employment, Interest and Money”, which prompted light on the remedies from an economic recession based on government-based policies for the generation of employment. Keynesian theories were practically used during the U.S reforms to recover from the Great Depression, known as the New Deal.

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