Answer :
The quotation by John Maynard Keynes supports the following statement: Government regulation is necessary to stabilize the economy. Hence, Option B is correct.
Who is John Maynard Keynes?
The concepts of English economist John Maynard Keynes, 1st Baron Keynes, CB, FBA substantially altered both the theory and practice of macroeconomics as well as governmental economic policies.
He built on and significantly improved past studies on the causes of business cycles despite having a mathematical background.
British economist John Maynard Keynes (1883–1946), often considered as the father of contemporary macroeconomics, is the source of the name, theories, and guiding principles of Keynesian economics.
The General Theory of Employment, Interest, and Money, his most well-known work, was released in 1936.
Hence, The quotation by John Maynard Keynes supports the following statement: Government regulation is necessary to stabilize the economy. Option B is correct.
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