Which field of economics did Lawrence Klein specialize in?
Macroeconomics
Econometrics
Behavioral Economics
Development Economics
Answer
Lawrence Klein was an American economist who was one of the founders of the field of econometrics, which is the application of statistical techniques to economic data. Klein developed a number of econometric models that were used to analyze and forecast economic trends. He also received the Nobel Prize in Economics in 1980 for his work in econometrics.
Mastering Macro: The Legacy of Lawrence Klein
More Questions
Where did Lawrence Klein contribute his knowledge of econometrics?
Which prestigious prize did Lawrence Klein receive in 1980?
For which specific contribution was Lawrence Klein awarded the Nobel Memorial Prize?
How have Lawrence Klein's econometric models influenced the field of economics?
Who stated that Klein "was the first to create the statistical models that embodied Keynesian economics?"
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox