What is Keynesian Liquidity Preference Theory of Interest in Economics? Illustrate in detail.
Critically explain this Liquidity Preference Theory of Interest .
What would you say are the key differences between classical-type economics and Keynesian-style economics? Which theory (Keynesian or Classical) would you think would be most useful in a major recession? Explain.
1-) Time period in which Keynesian economics theory was
introduced and the situation at the time that inspired the theory
inception?
2-) Overview of the Keynesian economic theory.
3-) What are the major publications that propelled the Keynesian
economic theory?