Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:

The General Theory of Employment, Interest and Money was published in ......... and by ...............

Options:

2025, Adam Smith.

1935, John Maynard Keynes.

1936, John Maynard Keynes.

1932, David Ricardo.

Correct Answer:

1936, John Maynard Keynes.

Explanation:

The correct answer is Option (3) → 1936, John Maynard Keynes.

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