To John Maynard Keynes, investment demand depends less upon the availability of saving than upon the profit expectations of producers

Indicate whether the statement is true or false

T

Economics

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In the economy of Brightland, the commercial banks have deposits of $600 billion. Their reserves are $60 billion. All reserves are in deposits with the Central Bank and the commercial banks hold no excess reserves

There is $120 billion in Central Bank notes outside the banks, and there are no coins. a) What is the economy's monetary base? b) What is the quantity of money in the economy? c) Calculate the money multiplier. d) Suppose the Central Bank of Brightland undertakes an open market purchase of securities of so that the monetary base increases by $5 billion. By how much will the quantity of money change?

Economics

When investment banks buy or sell securities on their own account, it's called

A) financial engineering. B) proprietary trading. C) underwriting. D) factoring.

Economics