Who is known as the founding father of Macroeconomics as a separate discipline?

Correct option is C

Ans: (C) John Maynard Keynes

Explanation:
John Maynard Keynes is recognized as the founding father of Macroeconomics due to his influential work in the 1930s, particularly in his book "The General Theory of Employment, Interest, and Money".

Information Booster:

• John Maynard Keynes: Advocated for government intervention to manage economic fluctuations and reduce unemployment, especially during economic recessions.
• Macroeconomics: Focuses on broad economic factors like aggregate demand, national output, and employment, aiming to understand and influence overall economic performance.
• Keynesian Economics: His theories are the foundation of Keynesian economics, which emphasizes the role of government spending and fiscal policy in managing the economy.
• Legacy: Keynes' ideas continue to shape modern economic policy and are especially relevant in times of economic downturns.

Incorrect Options Explanation:

• Adam Smith: Known for his work on microeconomics and capitalism, particularly through his book The Wealth of Nations. He laid the foundations for market-driven economies, not macroeconomics.
• Amartya Sen: A prominent economist who has made contributions to welfare economics and social justice, but not the foundation of macroeconomics.
• Karl Marx: Focused on political economy and class struggle, with his theories contributing more to socialist thought rather than macroeconomic theory.