According to Keynesians, an increase in production when the money supply is fixed will
a. increase the transactions demand for money and that will cause the velocity of money to increase
b. increase the transactions demand for money and that will cause the velocity of money to decrease
c. decrease the transactions demand for money and that will cause the velocity of money to increase
d. decrease the transactions demand for money and that will cause the velocity of money to decrease
e. increase the speculative demand for money and that will cause the velocity of money to increase
A
Economics