According to classical economists, the only motive for demanding money is
a. to transact business activity
b. the precautionary demand for money
c. to speculate
d. hold M1
e. as insurance against unexpected needs
A
Economics
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In the Keynesian model, when is the economy in short-run equilibrium?
a. when there is no inflation b. when there is full employment c. when there is a balanced federal budget d. when total spending (demand) is equal to production (supply)
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What happened during the Great Depression?
What will be an ideal response?
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