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Eduncle posted an MCQ
October 17, 2019 • 23:05 pm 0 points
  • UGC NET
  • Economics

Liquidity approach is also known by the name

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    Eduncle Best Answer

    During the 1950's, the publication of Radcliffe Committee's Report in England and the work by Gurley and Shaw in the United States questioned the adequacy of existing monetary theory to serve as a guide for monetary policy and led to the development of a new theory, called liquidity theory of money.

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