Keynes felt that the role of government in the economy should be only as an referee...

Keynes felt that the role of government in the economy should be only as an referee and not to intervene directly.

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Expert Solution

Keynes felt that the role of government in the economy should be only as an referee and not to intervene directly. This statement is false.

Keynes supported government intervention in the market. Especially at the time of great depression he advocated for active government participation to take the economy out of the depression.

Rahul Sunny answered 2 years ago

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