Research by Laurence Ball Showed That

question 14

Multiple Choice

Research by Laurence Ball showed that

• A)the coefficients of money demand were smaller by half than what previous researchers had found.
• B)nominal interest rates fell with an increase in money demand.
• C)earlier researchers had estimated the money-demand function very precisely and their results held up when additional data was available.
• D)increase in money supply can accelerate inflation.

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