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

Question

Quizplus · Accepted Answer

The concept of effective demand is primarily associated with John Maynard Keynes, who introduced it as a central principle in his economic theories, particularly in his work on the General Theory of Employment, Interest, and Money. Effective demand refers to the total demand for goods and services in an economy at a given time, considering both price levels and income distribution, and it plays a crucial role in determining the level of employment and output.

The Concept of Effective Demand Is Associated with the Name