Keynesian economic policies

Question 2

3 / 3 pts

(TCO 7) How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith?

Laissez-faire policies advocate for “cutthroat” capitalism, and Keynesian policies seek to spread wealth equally among a nation’s citizens.

Keynesian economics advocates for increased government control of economics, and traditional laissez-faire argues for a hands-free approach.

Smithian policies advocate for increased spending and stimuli for government-run businesses, and Keynesian economics argues for a hands-free approach.

The more liberal Smithian economies distribute wealth more evenly among society, and Keynesian economics tends to distribute wealth among the top 1%.