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  • 23-12-2022
  • Business
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What is meant by functional finance?

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princegriffin2010
princegriffin2010 princegriffin2010
  • 23-12-2022

Answer:

Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principles 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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