The decline in the transaction demand for money in the mid- and late 1970s
A) was accompanied by a fall in velocity.
B) was predicted by most economists.
C) may be partly explained by the development of money-market funds and other financial innovations.
D) was the result of the Federal Reserve's easy-money policy.
C
Economics
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The region of the U.S. with the highest poverty rate is the Midwest
Indicate whether the statement is true or false
Economics
Refer to the above table. Suppose the firm hires 4 workers and the price of the good sold is $4. The marginal factor cost of labor must be
A) $4. B) $150. C) $3080. D) $600.
Economics