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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 ________.


Definitions:

Informative

Designed to provide useful information and increase knowledge on a particular subject.

Sales

The exchange of a commodity for money; the action of selling something.

Patterns of Organization

Structured ways in which text or information is arranged and presented to enhance understanding and coherence.

Pro/con

A comparison that evaluates the advantages and disadvantages of a specific matter.

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