Keynes Argued That the Precautionary Component of the Demand for Money

question 104

Multiple Choice

Keynes argued that the precautionary component of the demand for money was primarily determined by the level of people's ________,which he believed were proportional to ________.

• A)incomes;wealth
• B)incomes;age
• C)transactions;income
• D)transactions;age

---

Definitions:

Eye Medication

Pharmaceutical preparations specifically intended for application to the eyes, used to treat or prevent eye diseases and conditions.

Ear Plugs

Small devices inserted into the ear canal to protect the ears from loud noises, water, foreign bodies, or excessive wind.

Sensory Responses

The physiological reactions of sensory organs or nerves to external stimuli.

Blood Sugar

The concentration of glucose present in the blood, crucial for energy supply to cells and maintaining metabolic homeostasis.