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Q. |
"Functional Finance" is associated with : |
A. | Adolph Wogner |
B. | Adam Smith |
C. | Adams |
D. | Abba 'V Lerner |
Answer» D. Abba 'V Lerner | |
Explanation: Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principle and cartelism. It states that government should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation. |
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