The book "The General Theory of Employment, Interest and Money" was written by _______.
A
Marshall
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B
Keynes
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C
Smith
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D
Ricardo
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Solution
The correct option is B Keynes
Earlier the economists believed that the monetary factors do not affect the real factors such as real outputs etc but after the in-depth study of classical theories, John Maynard Keynes ( known as Lord Keynes) produced a general theory that depicts the whole economy in terms of aggregate rather than an individual.
The writer of The General Theory of Employment, Interest and Money is J M Keynes.