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Question : "Functional Finance" is associated with:

Option 1: Adolph Wagner

Option 2: Adam Smith

Option 3: John Adams

Option 4: Abba P. Lerner


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 5th Jan, 2024

Correct Answer: Abba P. Lerner


Solution : The correct option is Abba P. Lerner .

Functional finance is an economic-related theory developed during the Second World War. The theory is based on demand principles. Functional finance promotes deficit spending to reduce unemployment, controlling consumer spending through tax policy, and controlling interest rates, inflation, and the cash flow through the economy.

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