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:

REBT

Rational Emotive Behavior Therapy, a form of psychotherapy that focuses on identifying and changing irrational beliefs that cause emotional distress.

Irrational Mistake

An error in thinking or belief that is not based on logic or rational judgment.

REBT Homework

Assignments given to clients in Rational Emotive Behavior Therapy (REBT) intended to help them practice cognitive, emotional, and behavioral skills outside of therapy sessions.

Empathize

The ability to understand and share the feelings of another person from their perspective.