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Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated book
- a)The Wealth of Nations
- b)On the Principles of political Economy and Taxation
- c)The Affluent Society
- d)The General Theory of Employment, Interest and Money
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Macroeconomics as a separate branch of economics, emerged after the Br...
The Emergence of Macroeconomics
Macroeconomics is a branch of economics that studies the behavior of the economy as a whole, rather than focusing on individual markets or industries. It emerged as a separate branch of economics after the publication of John Maynard Keynes' book, "The General Theory of Employment, Interest and Money."
Keynes' Contributions
John Maynard Keynes was a British economist who lived from 1883 to 1946. He is widely regarded as one of the most influential economists of the 20th century, and his work laid the foundation for the development of macroeconomics.
In "The General Theory of Employment, Interest and Money," Keynes challenged the classical economic theory that had dominated economic thinking up until that point. Classical economists believed that markets would always self-correct, and that government intervention was unnecessary.
Keynes argued that in times of economic downturns, markets could become stuck in a state of "equilibrium" with high levels of unemployment and low levels of economic activity. He suggested that government intervention, in the form of increased spending and other policies, could help to stimulate economic growth and bring the economy back to full employment.
The Legacy of Keynes
Keynes' ideas helped to shape the development of macroeconomics in the decades that followed. His work paved the way for the development of new theories and models that could help economists better understand the behavior of the economy as a whole.
Today, macroeconomics is a vital part of economic analysis, and it plays an important role in shaping government policies around the world. By studying the behavior of the economy as a whole, macroeconomists can help policymakers better understand the challenges facing their economies and develop effective strategies for promoting economic growth and stability.
Macroeconomics is a branch of economics that studies the behavior of the economy as a whole, rather than focusing on individual markets or industries. It emerged as a separate branch of economics after the publication of John Maynard Keynes' book, "The General Theory of Employment, Interest and Money."
Keynes' Contributions
John Maynard Keynes was a British economist who lived from 1883 to 1946. He is widely regarded as one of the most influential economists of the 20th century, and his work laid the foundation for the development of macroeconomics.
In "The General Theory of Employment, Interest and Money," Keynes challenged the classical economic theory that had dominated economic thinking up until that point. Classical economists believed that markets would always self-correct, and that government intervention was unnecessary.
Keynes argued that in times of economic downturns, markets could become stuck in a state of "equilibrium" with high levels of unemployment and low levels of economic activity. He suggested that government intervention, in the form of increased spending and other policies, could help to stimulate economic growth and bring the economy back to full employment.
The Legacy of Keynes
Keynes' ideas helped to shape the development of macroeconomics in the decades that followed. His work paved the way for the development of new theories and models that could help economists better understand the behavior of the economy as a whole.
Today, macroeconomics is a vital part of economic analysis, and it plays an important role in shaping government policies around the world. By studying the behavior of the economy as a whole, macroeconomists can help policymakers better understand the challenges facing their economies and develop effective strategies for promoting economic growth and stability.
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Macroeconomics as a separate branch of economics, emerged after the Br...
Its very tough but i think that all the options is correct because A is B,B is C,C is D,A is C etc .
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Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated booka)The Wealth of Nationsb)On the Principles of political Economy and Taxationc)The Affluent Societyd)The General Theory of Employment, Interest and MoneyCorrect answer is option 'D'. Can you explain this answer?
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Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated booka)The Wealth of Nationsb)On the Principles of political Economy and Taxationc)The Affluent Societyd)The General Theory of Employment, Interest and MoneyCorrect answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated booka)The Wealth of Nationsb)On the Principles of political Economy and Taxationc)The Affluent Societyd)The General Theory of Employment, Interest and MoneyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated booka)The Wealth of Nationsb)On the Principles of political Economy and Taxationc)The Affluent Societyd)The General Theory of Employment, Interest and MoneyCorrect answer is option 'D'. Can you explain this answer?.
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Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated booka)The Wealth of Nationsb)On the Principles of political Economy and Taxationc)The Affluent Societyd)The General Theory of Employment, Interest and MoneyCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated booka)The Wealth of Nationsb)On the Principles of political Economy and Taxationc)The Affluent Societyd)The General Theory of Employment, Interest and MoneyCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Macroeconomics as a separate branch of economics, emerged after the British economist John Maynard Keynes published is celebrated booka)The Wealth of Nationsb)On the Principles of political Economy and Taxationc)The Affluent Societyd)The General Theory of Employment, Interest and MoneyCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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