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    4. ESIC Part B
    5. Who developed the concept of liquidity preference?

    Question

    Who developed the concept of liquidity

    preference?
    A Adam Smith Correct Answer Incorrect Answer
    B John Maynard Keynes Correct Answer Incorrect Answer
    C Milton Friedman Correct Answer Incorrect Answer
    D Friedrich Hayek Correct Answer Incorrect Answer

    Solution

    The concept of liquidity preference was developed by John Maynard Keynes, a British economist who is widely considered one of the most influential economists of the 20th century.

    Practice Next
      More ESIC Part B Questions
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      Statement I

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      Statement II

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    Relevant for Exams:

    • UPSC EO/AO

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