The Keynesian model is for an open economy with a government sector. Do you agree with this statement? Justify why you agreed/disagreed. (1) 

The Keynesian model of economics was advocated by the John Maynard Keynes in his famous book "The General theory of Employment, Interest and Money' and this theory supports the Government Intervention in the economy. 

Step-by-step explanation

The Given statement is correct and I agree with the statement, The Keynesian model came after the Great depression of 1930s. It advocated the use of government intervention to help regulate the economy which opposes the Classical views. 

The keynes advocated to use the Monetary and Fiscal Policy to help regulate the business cycle during recession to bring it back to equilibrium and reduce unemployment and increase the Growth of the economy.