There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion: The dominant thinking in economics before Keynes was that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity. 

Reasoning: The school of thought in Economics before Keynes is known as the classical tradition.

Both Assertion (A) and reasoning (R) are correct but R is not the correct explanation of A.

The correct answer is Option 2: Both Assertion (A) and reasoning (R) are correct but R is not the correct explanation of A.

Assertion:  The dominant thinking in economics before Keynes was that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity.This is correct.
Reasoning: The school of thought in Economics before Keynes is known as the classical tradition. This is correct.

However, the reasoning does not explain as why there was dominant thinking in economics before Keynes that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity.

"Macroeconomics, as a separate branch of economics, emerged after the British economist John Maynard Keynes published his celebrated book The General Theory of Employment, Interest and Money in 1936. The dominant thinking in economics before Keynes was that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity. This school of thought is known as the classical tradition."