Keynesians Argue That the Interest Elasticity of the Demand for Money

question 52

Multiple Choice

Keynesians argue that the interest elasticity of the demand for money is

• A)low,while monetarists say it is high.
• B)unimportant in terms of affecting economic activity,while monetarists disagree.
• C)relatively high,while monetarists argue it is low.
• D)not a factor in determining if velocity is stable or unstable.

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