Micro and Macro Economics were coined by ________during the twenties, and since then they are frequently used by economists for economic analysis.

Prof. Keynes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Prof. Robbins

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Prof. Marshall

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Prof. Ragner Frisch

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Prof. Ragner Frisch
Prof. Ragnar Frisch was a Norwegian economist who was best known for founding the various disciplines of econometric and for coining the two common terms i.e. micro and macro economics which is the most widely used terms in modern economics.

Suggest Corrections

Similar questions

Q. The terms micro economics and macro economics were coined by ______________.

Q. Fill in the blanks with appropriate alternatives given in the brackets.

1) The terms Micro and Macro Economics were first used by _______________. (Adam Smith/ Robbins/ Ragner Frisch/ Marshall).

2) Micro Economics is a study of _________. (Whole economy/ general price level/ National output/ Individual economic unit).

3) Micro Economics is also called as ________________. (Income theory/ Price theory/ Growth theory/ Employment theory)

4) Micro Economic analysis adopts __________________ method. (lumping/ aggregative/ Slicing/ inclusive)

5) Micro Economics is a __________________________ equilibrium approach. (partial/ general/ total/ multi-variable).

Q. The term micro and macro economics were first used by ________.

Q. The terms 'micro' and 'macro' economics were first used by ________.

State the following statements are true or false.
1) Macro-Economics is known as income analysis.
2) Increase in national income is a Micro- Economic goal.
3) Macro-Economic adopts lumping method.
4) Study of price determination is a subject matter of Macro-Economics.
5) Micro-Economics deals with the study of aggregates.
6) National output is an example of macro variable.

Join BYJU'S Learning Program

Micro and Macro Economics were coined by ________during the twenties, and since then they are frequently used by economists for economic analysis.

The correct option is D Prof. Ragner FrischProf. Ragnar Frisch was a Norwegian economist who was best known for founding the various disciplines of econometric and for coining the two common terms i.e. micro and macro economics which is the most widely used terms in modern economics.

The correct option is D Prof. Ragner Frisch
Prof. Ragnar Frisch was a Norwegian economist who was best known for founding the various disciplines of econometric and for coining the two common terms i.e. micro and macro economics which is the most widely used terms in modern economics.