Economics · Monetary Economics
James Tobin integrated money into macroeconomic growth models in his seminal 1955 paper. Which specific framework did this contribute to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Transaction cost economics
- 2Liquidity preference theory
- 3Long-run neoclassical economic growth theory✓
- 4Financial intermediary sector theory
Correct answer
Long-run neoclassical economic growth theory
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