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Economics miscellaneous

  1. The term ‘Macro Economics’ was used by __________ .
    1. J.M. Keynes
    2. Ragner Frisch
    3. Ragner Nurkse

    4. Prof. Knight
Correct Option: B

Ragnar Frisch coined the widely-used term pair macroeconomics/microeconomics in 1933. He was a Norwegian economist and the co-recipient of the first Nobel Memorial Prize in Economic Sciences in 1969. He is known for having founded the discipline of econometrics.



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