The concept of effective demand is associated with the name of:
A)marshall
B)keynes
C)krugman
D)adam smith

Question

Quizplus · Accepted Answer

The concept of effective demand is primarily associated with John Maynard Keynes, who introduced it as a central aspect of his economic theory in "The General Theory of Employment, Interest, and Money." Keynes argued that the level of employment is determined by the level of aggregate demand, not by the price of labor as classical economics suggested.

The Concept of Effective Demand Is Associated with the Name