Question

macroeconomics became popular after​

Answer 1

Modern macroeconomics can be said to have begun with Keynes and the publication of his book The General Theory of Employment, Interest and Money in 1936. Keynes expanded on the concept of liquidity preferences and built a general theory of how the economy worked.

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Answer 2

Macroeconomics became popular after Keynes gave more emphasis to the importance of unemployment and depression and their impact on the economy.

• The factors mentioned above led to the evolution of macroeconomics as a separate branch of economics.
• It helps to evaluate the resources and capabilities of an economy.

• It creates job opportunities that help the economy in monetary development.
• Its aim is to minimize unemployment and enhance the standard of living and economic growth.