What event was a major influence on the development of macroeconomics?
A) the Great Depression
B) the Employment Act of 1946
C) the establishment of the Federal Reserve System in the United States
D) the U.S.entry into World War II

Question

Quizplus · Accepted Answer

The Great Depression was a major economic crisis that affected much of the world and had a profound impact on economic thought. It led to the development of Keynesian economics, which emphasized the role of government intervention in stabilizing the economy and addressing issues such as unemployment and inflation. This was a major influence on the development of macroeconomics as a field of study.

What Event Was a Major Influence on the Development of Macroeconomics