Question

Whose opinions have revolutionised the scope of macro economics?

• A. Adam Smith
• B. J.B. Say
• C. J.M. Keynes
• D. All of these

Answer 1

Answer: (C)

J.M. Keynes

Lord Keynes rendered economic aspects with a perspective of microeconomics and expanded the scope of economics to a great extent. The concept of Economics on macro and micro scale has paved the way of widening the scope of subject matter of Economics.