a. Explain various motives of liquidity preference. b. How does Tobin's approach to liquidity preference differ from
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Question:
a. Explain various motives of liquidity preference.
b. How does Tobin's approach to liquidity preference differ from Keyness liquidity preference function?
c. What is' liquidity trap rate of interest'? Discuss its implications from the point of view of the monetary policy aiming at full employment.
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