Monetarist and Keynesian Theories of Money Demand Differs in That

question 21

Multiple Choice

Monetarist and Keynesian theories of money demand differs in that

• A)Monetarists assumes that the demand for money is highly inelastic while Keynes assumes money demand is elastic.
• B)Monetarists assumes that the money demand function is highly stable while Keynes assumes it is unstable.
• C)Monetarists assumes that there is only a transactions demand for money while Keynes also considers the precautionary and speculative demands for money.
• D)Monetarists assume that the proportion of income held in theform of money is constant while Keynes believes it varies.
• E)all of the above.

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