Match the following economists with their theory of trade cycle: Name of trade cycle theory Name of…
The psychological theory is associated with J. S. Mill, and monetary overinvestment with Hayek. The pure monetary theory is associated with Hawtrey, while the oversaving…
Choose your answer
Match the following economists with their theory of trade cycle:
| Name of trade cycle theory | Name of Economist |
| a) Psychological theory | I. Malthus |
| b) Monetary over investment theory | II. Hawtrey |
| c) Pure monetary theory | III. Hayek |
| d) Over-saving theory | IV. J.S.Mill |
Answer and explanation
Correct answer C
The psychological theory is associated with J. S. Mill, and monetary overinvestment with Hayek. The pure monetary theory is associated with Hawtrey, while the oversaving theory is associated with Malthus. The matching is a-IV, b-III, c-II, d-I.
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Telangana SET (TG SET)