Keynes Argued That When Interest Rates Were High Relative to Some

question 91

Multiple Choice

Keynes argued that when interest rates were high relative to some normal value,people would expect bond prices to ________,so the quantity of money demanded would ________.

• A)increase;increase
• B)increase;decrease
• C)decrease;decrease
• D)decrease;increase

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Definitions:

Public Opinion Polling

The process of surveying public opinion from a particular sample in order to infer the opinions or behaviors of the general population.

Accurate

The quality of being correct or precise.

Principle Of Randomness

The concept that outcomes or events cannot be predicted with certainty due to the random nature of certain processes, often used in scientific research and statistical analysis.

Polling

The process of conducting surveys to collect public opinion or predict the outcome of an election.