Whose analysis serves as the foundation of modern macroeconomics?
A) Milton Friedman
B) John Maynard Keynes
C) Adam Smith
D) Joseph Schumpeter

Question

Quizplus · Accepted Answer

John Maynard Keynes' analysis serves as the foundation of modern macroeconomics. He argued that government intervention in the economy was necessary during times of economic crisis to stimulate demand and promote employment. This idea was instrumental in the development of macroeconomic theory and policy during the 20th century.

Whose Analysis Serves as the Foundation of Modern Macroeconomics