The theory of liquidity preference is largely at odds with the basic ideas of supply and demand.

Name: The theory of liquidity preference is largely at odds with the basic ideas of supply and demand.
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The theory of liquidity preference, proposed by John Maynard Keynes, actually incorporates the principles of supply and demand within the context of the money market, where the demand for money (liquidity preference) and the supply of money determine the interest rate.

The Theory of Liquidity Preference Is Largely at Odds with the Basic