Notable Economists – India and World

56. Who is known for the concept of “hysteresis” in macroeconomics?
a) Olivier Blanchard
b) Larry Summers
c) Paul Romer
d) Lawrence H. Summers

57. Who is the author of the book “The General Theory of Employment, Interest, and Money”?
a) John Maynard Keynes
b) Paul Krugman
c) Joseph Stiglitz
d) Milton Friedman

58. Who is known for the theory of “rational expectations” in macroeconomics?
a) Robert Lucas Jr.
b) Joseph Stiglitz
c) Paul Krugman
d) Milton Friedman

59. Who is known for the concept of “hysteresis” in macroeconomics?
a) Olivier Blanchard
b) Larry Summers
c) Paul Romer
d) Lawrence H. Summers

60. Who is the author of the book “The General Theory of Employment, Interest, and Money”?
a) John Maynard Keynes
b) Paul Krugman
c) Joseph Stiglitz
d) Milton Friedman