Keynes Argued That When Interest Rates Were High Relative to Some

question 91

Multiple Choice

Keynes argued that when interest rates were high 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;decrease
• D)decrease;increase

---

Definitions:

Vitamin C

An essential nutrient and antioxidant found in fruits and vegetables, important for immune system function and skin health.

Keratinization

The process by which cells from beneath the skin or in other organs become filled with keratin protein, die, and form tough, resistant structures such as skin, nails, and hair.

Epidermal Cells

Cells that make up the epidermis, the outermost layer of the skin, serving as a protective barrier against environmental elements.

Abrasion

A wound caused by superficial damage to the skin, no deeper than the epidermis.