What was the impact of the First World War on the concept of modern economics?

Published: 30-Nov--0001

(a) It led to significant changes in economic theory and policy, including the development of Keynesian economics and the establishment of new international economic organizations such as the International Monetary Fund

(b) It had no significant impact on the concept of modern economics

(d) It led to increased competition between countries to promote their own economic policies and systems

Answer: It led to significant changes in economic theory and policy, including the development of Keynesian economics and the establishment of new international economic organizations such as the International Monetary Fund

| Subject : History | Chpater : First World War

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What was the impact of the First World War on the concept of modern economics?

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