26. Who is known for the concept of “irrational exuberance” in economics?
a) Robert Shiller
b) Joseph Stiglitz
c) Richard Thaler
d) Eugene Fama
Answer: a) Robert Shiller
27. Who is known for the theory of “supply-side economics”?
a) Arthur Laffer
b) Milton Friedman
c) John Maynard Keynes
d) Friedrich Hayek
Answer: a) Arthur Laffer
28. Who is known for the concept of “the tragedy of the commons” in economics?
a) Garrett Hardin
b) Elinor Ostrom
c) Ronald Coase
d) Thomas Piketty
Answer: a) Garrett Hardin
29. Who is known for the theory of “monetary policy” in economics?
a) Milton Friedman
b) Paul Krugman
c) Friedrich Hayek
d) John Maynard Keynes
Answer: a) Milton Friedman
30. Who is known for the concept of “income inequality” in economics?
a) Thomas Piketty
b) Joseph Stiglitz
c) Angus Deaton
d) Paul Krugman
Answer: a) Thomas Piketty
