The cobweb theory was propounded by ________

CA Foundation · Business Economics · MTP · September 2025
The cobweb theory was propounded by ________
(A) A. Hawtrey
(B) B. Adam smith
(C) C. Nicolas Kaldor
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Nicolas Kaldor

Topics: Business Cycles

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