Question

The author of the passage calls Barack Obama and his team as 'Keynesians' because

• A. Barack Obama has been reluctant to follow Keynes' philosophy
• B. his team is advising Barack to refrain from Keynes' philosophy
• C. Barack Obama and his team have decided to fill old bottles with banknotes
• D. building houses has been under the active consideration of Barack Obama and his team
• E. None of the above

Hint:

In reading comprehension, always check if the exact reason is stated in the passage before selecting an option.

Answer 1

Answer: (E)

Step 1: Understanding the Concept:
Based on the passage context (though not fully provided), Obama's stimulus plans reflected Keynesian principles.

Step 2: Detailed Explanation:
President Obama's American Recovery and Reinvestment Plan involved significant government spending to counter the 2008 recession. This approach aligns with Keynesian economics. While specific projects like infrastructure were part of it, the underlying philosophy was Keynesian. Since none of the given options accurately capture the full reasoning, the correct answer is "None of the above."

Step 3: Final Answer:
None of the above