History and Development of Macroeconomics Quiz
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Questions and Answers

Who first used the term 'macro' in economics and in what year?

Ragner Frisch in 1933

In what century did the Mercantilists originate the methodological approach to economic problems?

16th and 17th centuries

Which economists in the 18th century adopted the term 'macro' in their Table Economies?

Physiocrats

Name one economist who dealt with macroeconomic problems in the 19th century.

<p>Malthus, Sismondi, Marx</p> Signup and view all the answers

Who developed a general theory of income, output, and employment?

<p>Keynes</p> Signup and view all the answers

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