J.m.keynes propounded the theory of
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J.M.keynes prpounded the theory of "Liquidity Preference"
Explanation:
- J.M.Keynes propounded the idea of Liquidity Preference.
- In macroeconomic theory,liquidity prefernce is that the demand for money,considered as liquidity.
- The concept was developed by John Maynard Keynes in his book.
- The General theory of employment,interset,and money.
- John Maynard Keynes was referred to as the father of Keynesian eEconomics.
- Keynesian economy is an theory ot total spending within the economy and its effect on output and inflation.
Therefore,J.M.keynes prpounded the theory of "Liquidity Preference"
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