Based on your reading of the following, choose the best answer. John Maynard Keynes was a British economist who changed the way Western economies looked at fiscal policies. During the Great Depression, he opposed the old, classical ideas of capitalistic economists, who believed that free markets would eventually provide full employment for workers without the government having to interfere. Which of the following is not a result of Keynesian economic theory?
publicly traded corporations for which people can buy stock
government-sponsored projects that create employment
Social Security insurance, partially funded by employers
graduated income tax, in which tax is based on income