Which of the following was not a classical economist ?
Correct answer: D. John Maynard Keynes
- A. Adam Smith
- B. Thomas R. Malthus
- C. John Stuart Mill
- D. John Maynard Keynes
Explanation
Smith, Malthus, and John Stuart Mill are central figures of classical economics. Keynes developed a later macroeconomic framework and is associated with the Keynesian, not classical, school.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
Karl Marx's historical materialism views were shaped by all of the following EXCEPT ?
Rostow's economics stages are ?
The synchronized application of capital to a wide range of different industries is called __________ by its advocates?
During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?
Surplus labor theories assume that ?
The Vicious circle theory states that ?