Who among the following, first mooted the idea of deficit financing?
- A. Adam Smith
- B. Alfred Marshall
- C. John Maynard Keynes ✓
- D. Milton Friedman
Correct Answer: C. John Maynard Keynes
Explanation
British economist John Maynard Keynes heavily promoted deficit financing as a fiscal policy tool during the Great Depression to boost aggregate demand and combat economic downturns.
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