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Macroeconomics emerged as a separate discipline largely due to the work of which economist and book?
AAdam Smith, The Wealth of Nations (1776)
BJohn Maynard Keynes, The General Theory of Employment, Interest and Money (1936)
CKarl Marx, Das Kapital (1867)
DAlfred Marshall, Principles of Economics (1890)
Answer & Solution
Correct answer: B. John Maynard Keynes, The General Theory of Employment, Interest and Money (1936)
Keynes's 1936 General Theory, written against the backdrop of the Great Depression, founded modern macroeconomics. Adam Smith founded modern economics broadly; Marx critiqued capitalism; Marshall consolidated micro.
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