The study of macroeconomics as a specific discipline can be attributed to
A) Adam Smith.
B) John Maynard Keynes.
C) Milton Friedman.
D) Joseph Schumpeter.

Question

Quizplus · Accepted Answer

While Adam Smith and Joseph Schumpeter made some contributions to the field of macroeconomics, it was John Maynard Keynes who is widely regarded as the founder of modern macroeconomics. Keynes published "The General Theory of Employment, Interest and Money" in 1936, which provided the theoretical framework for understanding the behavior of macroeconomic aggregates such as GDP, unemployment, and inflation. Milton Friedman, on the other hand, is associated with the monetarist school of macroeconomics, which focuses on the role of the money supply in the economy.

The Study of Macroeconomics as a Specific Discipline Can Be