Keynesian theory of income and employment determination was developed in ____________.

1940

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1935

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1936

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1931

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Solution

The correct option is D 1936
John Maynard Keynes was a British economist who presented his ideas on income and employment determination in 1936, in his book, 'The General Theory of Employment'. This came to be known as the Keynesian theory of income and employment, which has impacted many principles and practices of macroeconomics and the way economic policies are formed.

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