Functional Finance is associated with :...

Functional Finance is associated with :

A

Adolph Wogner

B

Adam Smith

C

Adams

D

Abba 'P' Lerner

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The correct Answer is:

D

Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principle and chartalism. It states that government should finance itself to meet explicit goals, such as taming the business cycle, achieving full employment, ensuring growth, and low inflation.

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