Keynes Argued That the Transactions Component of the Demand for Money

question 100

Multiple Choice

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

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

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Definitions:

Delusional

Holding beliefs that are clearly false, illogical, or based on incorrect inferences about external reality, despite evidence to the contrary.

Type I

Commonly refers to a classification in various contexts, often seen in medical or technological fields, indicating a particular form or category within a larger grouping.

Type II

Often refers to Type II diabetes, characterized by insulin resistance in the body.

Poverty of Speech

A reduction in speech output that is often observed in various psychological conditions, characterized by brief and unelaborate responses.