5 Questions
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.
Malthus, Sismondi, Marx
Who developed a general theory of income, output, and employment?
Keynes
Test your knowledge of the history and development of macroeconomics with this quiz. Explore the origins of the term 'macro' and its methodological approach to economic problems. Learn about the contributions of Mercantilists and Physiocrats in shaping the understanding of the economic system as a whole.
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