Keynes Hypothesized That the Speculative Component of Money Demand Was

question 28

Multiple Choice

Keynes hypothesized that the speculative 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:

Psychodynamic Theories

Theories proposing that behavior is the result of internal psychological forces that often stem from childhood experiences.

Dynamic Interaction

The continuous and changing interplay between individuals or elements in a system or process.

Mental Processes

The internal, subjective mechanisms and activities through which individuals perceive, remember, think, and feel.

Psychodynamic Theories

A group of theories in psychology that primarily focus on unconscious processes and childhood experiences affecting personality and behavior.