Who Propounded Liquidity Preference Theory of Interest

question 35

Multiple Choice

Who propounded liquidity preference theory of interest?

• A)Prof.Fisher
• B)Alfred Marshall
• C)JM Keynes
• D)JB Clark

Recognize how firms determine the level of employment and wage rates in competitive vs. monopsonistic markets.

Analyze the impact of marginal product and marginal wage cost on employment decisions.

Identify the conditions under which firms operate in purely competitive or imperfectly competitive product and labor markets.

Examine the role of occupational licensing and union strategies in influencing labor market outcomes.

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Definitions:

Verbal Notification

Informing someone about something using spoken words, as opposed to written communication.

Reasonable Modifications

Adjustments or alterations that can be made without causing undue hardship or altering the essential nature of a job or service, often related to accessibility and accommodation.

Physically Disabled

Pertaining to an individual whose physical capabilities are significantly impaired or limited, impacting their ability to perform certain tasks or engage in activities.

Basic Needs

Essential elements required for living, such as food, water, shelter, and clothing.