John maynard keynes was an advocate of the theory that government should use its fiscal powers to regulate the economy government elimination of social welfare policies social welfare policies for those excluded from the traditional economy laissez-faire economic theories a balanced budget

The correct answer is: the theory that government should use its fiscal powers to regulate the economy 

John Maynard Keynes advanced Keynesian economics which studies the total fiscal spending in the economy and its effects on output and inflation. The theory was advanced during the 1930s in an attempt to understand the Great Depression.

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