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MAHESH CHANDRA SHARMA

· started a discussion

· 1 Months ago

In macroeconomic theory, liquidity preference refers to the demand for money, considered as liquidity. The concept was first developed by John Maynard Keynes in his book The General Theory of Employment, Interest and Money (1936) to explain determination of the interest rate by the supply and demand for money

Question:

Liquidity preference theory of interest propounded by

Options:
A)

J. S Mill

B)

A. Marshall

C)

I. Fisher

D)

J. M Keynes

Solution:

Ans: (c)

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