The quantity of money demanded is the
A) income and volume of profits that people and businesses would like to receive.
B) sum of checkable and savings deposits at banks.
C) amount that people and businesses choose to hold.
D) average daily volume of bank account withdrawals.
E) fraction of cash holdings in an average investment portfolio.
C
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Policies aimed at reducing the natural rate of unemployment are referred to as
a. stabilization policies. b. structural policies. c. macroeconomic policies. d. labor policies.
What is the title of the John Maynard Keynes's book published in 1936 that challenged the classical self-correction economic theory?
a. In the Long-run We Are Dead. b. Classical Economics Revised. c. General Theory of Employment, Interest, and Money. d. A Keynesian Approach to Economic Policy.