Monetarists Argue That the Interest Elasticity of the Demand for Money

question 50

Multiple Choice

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

• A)low,while Keynesians say it is high.
• B)important in terms of affecting economic activity.
• C)highly variable.
• D)an important factor in determining if velocity is stable or unstable.

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Racial Gaps

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