The theory of unlimited supply of labour was proposed by :
A. Lewis developed the dual-sector model of economic development with unlimited supplies of labour at a subsistence wage. J.M. Keynes developed effective-demand analysis;…
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The theory of unlimited supply of labour was proposed by :
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Correct answer C
A. Lewis developed the dual-sector model of economic development with unlimited supplies of labour at a subsistence wage. J.M. Keynes developed effective-demand analysis; Robert Solo (source spelling, referring to Solow) developed neoclassical growth; Roy Harrod developed a growth model with warranted and natural growth rates.
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UGC NET Economics