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Question
Which pair of economists discussed the idea of effective demand before Keynes?
Options
Marshall and Pigou
Adam Smith and Ricardo
Malthus and Wicksell
Hicks and Hansen
MCQ
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Solution
Malthus and Wicksell
Explanation:
The classical economist Malthus and the neo-classical economist Wicksell had both discussed the idea of effective demand in some form.
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