In response to the 2008 economic crisis, President Bush favored a massive spending program to shore up shaky banks. Which statement explains how this is an example of Keynesian economics?
a. Keynes favored policies that could be implemented and changed quickly.
b. Keynes believed that a stable banking system was the key to economic stability.
c. According to Keynes, governments can best address recessions through deficit spending.
d. According to Keynes, the private sector will always mimic the economic behavior of the government.
c
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