A perfectly competitive firm has no control over the

In Keynes's liquidity preference framework, individuals are assumed to hold their wealth in two forms

A) real assets and financial assets. B) stocks and bonds. C) money and bonds. D) money and gold.

The constant growth rate rule for money, as initially proposed by Milton Friedman, has been adjusted ________

A) to take the problem of moral hazard in account B) to account for the role played by adaptive expectations in policy formation C) for the difference between real and nominal economic variables D) to allow for possible short-run movements in velocity