The book that is the basis for modern macroeconomic theory is
A)The Wealth of Nations.
B)Principles of Political Economy.
C)The General History of Money and Banking.
D)The General Theory of Employment, Interest, and Money.

Question

Quizplus · Accepted Answer

The General Theory of Employment, Interest, and Money by John Maynard Keynes is considered to be the book that revolutionized macroeconomic theory and laid the foundation for modern macroeconomics. This book proposed that governments could use fiscal and monetary policies to stabilize economies during economic downturns, which became a cornerstone of macroeconomic policy.

The Book That Is the Basis for Modern Macroeconomic Theory