According to Keynes' theory of money demand, a low interest rate increases the likelihood of a capital ________ and ______ the interest elasticity of money demand
a. gain on bonds; reduces.
b. gain on money; increases.
c. loss on bonds; reduces.
d. loss on money; increases.
e. none of the above.
C
Economics
You might also like to view...
In the equation Y = (1/1 – b + v)(a + I + G + X ? u), the term (1/1 – b + v) is referred to as the
a. level of autonomous expenditures. b. autonomous expenditure multiplier. c. balanced budget multiplier. d. tax multiplier.
Economics
The study of economics is basically about what two things?
Economics