Question

Who has given the classical theory of demand and money?

Answer 1

Answer:

Keynes

Explanation:

Keynes in his General Theory used a new term “liquidity preference” for the demand for money. Keynes suggested three motives which led to the demand for money in an economy: (1) the transactions demand, (2) the precautionary demand, and (3) the speculative demand.

Answer 2

Keynes in his General Theory used a new term “liquidity preference” for the demand for money.

KILLER ✌