If money demand does not depend upon income, then
a. monetary policy cannot have any effect upon the economy.
b. monetary policy will only affect the level of the price level.
c. monetary policy will only affect interest rates.
d. monetary policy will have a larger impact on income.
A
Economics
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The opportunity cost of holding money is properly measured by the rate of interest on financial assets such as bonds
a. True b. False Indicate whether the statement is true or false
Economics
Government assistance to the poor in the United States
A. has eliminated poverty in the nation. B. is available to all persons whose income is below the poverty income threshold. C. is available in most cases only to the poor who are elderly, disabled, or families with children. D. is always in the form of cash.
Economics