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Keynes Argued That the Precautionary Component of the Demand for Money

question 104

Multiple Choice

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


Definitions:

Alice Goffman

A sociologist known for her ethnographic work and research on crime, criminal justice systems, and their impacts on African American communities.

James Coleman

An American sociologist known for his work in educational sociology and for developing the Coleman Report, which examined educational equality in the United States.

Value-Free Sociology

An ideal whereby researchers identify facts without allowing their own personal beliefs or biases to interfere.

Objectivity

Impartiality; the ability to allow the facts to speak for themselves.

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