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Basic Concepts & the Circular Flow · Question 3 of 72

Question 3

EasyOriginal question

Macroeconomics grew into a separate branch of economics after

Options for question 3

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. The Great Depression of 1929 brought output and employment crashing for years.

  2. Keynes's General Theory (1936) explained it by looking at the economy as a whole, and macroeconomics grew from it.

Concept
Origin of macroeconomics
Typical time
40 s
Your time
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The rule this testsWhat macroeconomics studies
Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.

Practise this chapter →

Ten questions from Basic Concepts & the Circular Flow, at your own pace.