An Important Distinction Between Friedman's and Keynes' View of Money

question 22

Multiple Choice

An important distinction between Friedman's and Keynes' view of money demand was that

• A)Friedman thought that interest rates had a larger effect than Keynes.
• B)Friedman thought that interest rates had a smaller effect than Keynes.
• C)Keynes emphasized the effect of expected average lifetime income.
• D)Friedman assumed the return on money was zero.

---

Definitions:

Social Connections

The relationships and networks that individuals form with others, which can influence their social behavior and opportunities.

Sociological Definition

A concept or idea defined within the context of sociology, aiming to provide clarity and understanding of terms, phenomena, or theories related to human society and social behavior.

Commonsense Definition

An understanding or explanation of a term or concept that is widely accepted and used by the general population.

Religious Experiences

Personal encounters or sensations connected to the divine or a higher power, often characterized by feelings of transcendence, awe, or profound insight.