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

Adam Smith

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Robbins

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Marshall

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Ragnar Frisch

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Solution

The correct option is B Ragnar Frisch
Ragnar Frisch used the terms micro & macroeconomics for the first time in 1933. He is known as one of the founders of the discipline of econometrics.

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Similar questions

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

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

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.

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

The correct option is B Ragnar FrischRagnar Frisch used the terms micro & macroeconomics for the first time in 1933. He is known as one of the founders of the discipline of econometrics.

The correct option is B Ragnar Frisch
Ragnar Frisch used the terms micro & macroeconomics for the first time in 1933. He is known as one of the founders of the discipline of econometrics.