Keynes Hypothesized That the Speculative Component of Money Demand Was

question 28

Multiple Choice

Keynes hypothesized that the speculative component of money demand was primarily determined by the level of

• A)interest rates.
• B)velocity.
• C)income.
• D)stock market prices.

---

Definitions:

Needs Hierarchy Model

A psychological theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from most to least pressing: physiological needs, safety, love/belonging, esteem, and self-actualization.

Manager

A person in charge of managing an organization or a team of employees.

United States

A country located in North America, comprising 50 states and known for its significant cultural and economic influence globally.

European Culture

The collective social behaviors, traditions, and norms found within European countries, influenced by historical, linguistic, and regional diversities.