Question : The term ' Macro Economics ' was used by____________.
Option 1: J.M. Keynes
Option 2: Ragnar Frisch
Option 3: Ragnar Nurkse
Option 4: Prof.Knight
Correct Answer: Ragnar Frisch
Solution : The correct option is Ragnar Frisch
Norwegian economist Ragnar Frisch initially used the terms microeconomics and macroeconomics in 1933. Macroeconomics looks at the economy as a whole. To characterise his research, which used statistical methods to examine economic systems, he coined the term econometrics .
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