Keynes Argued That When Interest Rates Were Low Relative to Some

question 82

Multiple Choice

Keynes argued that when interest rates were low relative to some normal value,people would expect bond prices to ________ so the quantity of money demanded would ________.

• A)increase;increase
• B)increase;decrease
• C)decrease;increase
• D)decrease;decrease

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Definitions:

Deception

The act of misleading or falsely representing information to manipulate the perception or understanding of others.

Speech Convergence

Accent or speech style shift towards that of the other person.

Exit Behaviour

Actions individuals take to leave situations or roles that are unsatisfactory, such as quitting a job or ending a relationship.

Native Speaker

An individual who speaks a particular language as their first language from childhood.