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:

Speech Area

A region in the human brain involved in the planning, production, and understanding of speech, typically located in the left hemisphere.

Left Hemisphere

The half of the brain that typically controls logical thinking, analysis, and language functions in most people.

Language Function

The purpose served by spoken or written communication, including informing, persuading, questioning, or socializing.

Simultaneously Monitor

To observe or check multiple inputs, conditions, or systems at the same time, often requiring divided attention or multitasking capability.