Arrange the following in chronological order starting from earliest to latest:
(A) A.W. Phillips: The Phillips Curve
(B) J.M. Keynes: General Theory of Employment, Interest and Money
(C) Adam Smith: Theory of Growth
(D) John F. Muth: Rational Expectations Approach
(E) Robert M. Solow: Growth Model
Choose the correct answer from the options given below:

Correct option is B

Correct Answer: 2. (C), (B), (E), (A), (D)

Explanation:

• Adam Smith: Theory of Growth (C) – Adam Smith, known as the father of modern economics, introduced the Theory of Growth in his seminal work The Wealth of Nations (1776). He discussed how nations grow through the accumulation of capital and labor.
  

• J.M. Keynes: General Theory of Employment, Interest, and Money (B) – This work was published in 1936, laying the foundation for Keynesian economics, emphasizing government intervention to manage economic cycles and employment.

• Robert M. Solow: Growth Model (E) – Solow's growth model, developed in the 1950s, built upon earlier theories and introduced the role of technological change in economic growth.

• A.W. Phillips: The Phillips Curve (A) – A.W. Phillips presented the Phillips Curve in 1958, which showed an inverse relationship between inflation and unemployment.

• John F. Muth: Rational Expectations Approach (D) – Muth introduced the Rational Expectations Theory in the 1960s, asserting that individuals make forecasts based on all available information, including the effects of policies.​