Who is regarded as the Father of Modern Macro Economics?
ARagnar Frisch
BJ. M. Keynes
CAlfred Marshall
DSimon Kuznets
Answer & Solution
Correct answer: B. J. M. Keynes
1. Macro economics in its modern form began with John Maynard Keynes.
2. His book, The General Theory of Employment, Interest and Money, was published in 1936.
3. Keynes offered an explanation for the fallout from the Great Depression, when goods remained unsold and workers unemployed.
4. For this reason the textbook regards Keynes as the Father of Modern Macro Economics, while Frisch is credited only with coining the terms.
_Source: TN HSC Class 12 Economics (Samacheer Kalvi, Govt of Tamil Nadu), Ch 1 "Introduction to Macro Economics", §1.1_
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