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The economist who introduced the word "Macro" to economics in the 1920's

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The economist who introduced the word "Macro" to economics in the 1920's
1. Adam Smith
2. K. E. Boulding
3. Ragnar Frisch
4. Alfred Marshall
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Correct Answer - Option 3 : Ragnar Frisch

Classification of Economics into two branches (Marco Economics and Micro Economics) was done by Ragnar Frisch.

  • The term microeconomics and macroeconomics was first coined by a Norwegian economist, Ragnar Frich in 1993.
  • Microeconomics is the branch of economics that focuses on the actions of individuals and industries.
  • Macroeconomics is the branch of economics that researches the behavior of an economy as a whole.
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