{"id":33032,"date":"2024-04-15T09:10:32","date_gmt":"2024-04-15T09:10:32","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33032"},"modified":"2024-04-15T09:10:32","modified_gmt":"2024-04-15T09:10:32","slug":"money-is-the-pivote-around-which-the-whole-of-economics-science-clusters-whose-statement-is-this","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/money-is-the-pivote-around-which-the-whole-of-economics-science-clusters-whose-statement-is-this\/","title":{"rendered":"&#8220;Money is the pivote around which the whole of economics science clusters&#8221;. Whose statement is this?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Marshall&#8221; option2=&#8221;Lord Lindley&#8221; option3=&#8221;Lord Keynes&#8221; option4=&#8221;Haney&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is Lord Keynes.<\/p>\n<p>Lord Keynes was a British economist who is considered one of the most influential economists of the 20th century. He is best known for his work on macroeconomics, which is the study of the economy as a whole. Keynes argued that the government should play an active role in managing the economy, and his ideas were influential in the development of economic policy in the post-World War II era.<\/p>\n<p>The statement &#8220;Money is the pivote around which the whole of economics science clusters&#8221; is from Keynes&#8217;s book The General Theory of Employment, Interest and Money, which was published in 1936. In this book, Keynes argued that money is essential for economic activity, and that the government should use monetary policy to manage the economy.<\/p>\n<p>The other options are incorrect. Marshall was an English economist who is considered one of the founders of neoclassical economics. Lindley was a British politician who served as Chancellor of the Exchequer from 1919 to 1921. Haney was an American economist who is best known for his work on public finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Marshall&#8221; option2=&#8221;Lord Lindley&#8221; option3=&#8221;Lord Keynes&#8221; option4=&#8221;Haney&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33032","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>&quot;Money is the pivote around which the whole of economics science clusters&quot;. 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