Keynes Argued That When Interest Rates Were Low Relative to Some

question 82

Multiple Choice

Keynes argued that when interest rates were low 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;increase
• D)decrease;decrease

---

Definitions:

Prepubescent

Describes a phase in human development immediately preceding puberty, during which sexual features are not yet developed.

Lower-Than-Normal IQ

A measure of cognitive ability that is significantly below the average score for the population.

Severe Physical Abuse

Intense and harmful physical force or action inflicted on an individual, causing injury, pain, or trauma.

Vocabulary

The set of words known and used by a person in a particular language.