Which of the following had been a traditional belief prior to the economic theories of john maynard keynes?
a. a national economy always benefited from a trade surplus.
b. balanced budgets were sacred.
c. a bimetallic standard was superior to the gold standard.
d. depressions typically emerged from a consumer’s crisis of confidence.
e. deficits are not a problem, as long as they do not enlarge national debt.

Which of the following had been a traditional belief prior to the economic theories of John Maynard Keynes?

b. Balanced budgets were sacred.

Explanation:

he saw such measures as interim devices to meet particular crises and affirmed that budgets should be balanced in ordinary times.

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