The factors of production include

In Keynes's liquidity preference framework, individuals are assumed to hold their wealth in two forms

A) real assets and financial assets. B) stocks and bonds. C) money and bonds. D) money and gold.

In the Baumol-Tobin analysis of transactions demand, scale economies imply that an increase in real income increases the quantity of money demanded ________, while an increase in the price level increases the quantity of money demanded ________

A) proportionately; less than proportionately B) more than proportionately; proportionately C) less than proportionately; proportionately D) proportionately; more than proportionately