Keynes Hypothesized That the Transactions Component of Money Demand Was

question 26

Multiple Choice

Keynes hypothesized that the transactions component of money demand was primarily determined by the level of

• A)interest rates.
• B)velocity.
• C)income.
• D)stock market prices.

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Definitions:

Credit Column

A section in financial accounting records where increases in liabilities, revenues, and equity accounts, and decreases in assets and expenses are recorded.