64
The term «macroeconomics» was first used in the 1930s. The world de-
pression that began in 1929 required the study of such macroeconomic questions
as achievement of full employment and economic growth by means of proper
government policies
2
. This area of economics was developed by the British
economist John Maynard Keynes.
The third main field of economics, that is, development economics, stu-
dies the factors of economic growth and how these factors are used by govern-
ments in order to achieve high living standards.
Достарыңызбен бөлісу: