Q. The famous book ‘The General Theory of Employment, Interest and Money’ written in 1936 is concerned with which of the following branches of economics?
Answer: Macroeconomics
Notes: This book was concerned with macroeconomics only. In-fact, Macroeconomics, as a separate branch of economics, emerged only after the British economist John Maynard Keynes published his celebrated book The General Theory of Employment, Interest and Money in 1936. The dominant thinking in economics before Keynes was that all the labourers who are ready to work will find employment and all the factories will be working at their full capacity.