Which event has significantly influenced the development of macroeconomic ideas?
A) World War II
B) the development of the modern corporation
C) the Industrial Revolution
D) the Great Depression

Question

Quizplus · Accepted Answer

The Great Depression had a significant impact on the development of macroeconomic ideas as it led economists to develop new theories and policies to prevent such economic crises from happening again. The experience of the Great Depression highlighted the importance of government intervention in stabilizing the economy, which paved the way for the development of Keynesian economics.

Which Event Has Significantly Influenced the Development of Macroeconomic Ideas