The quantity theory of money
A) included the interest rate, but did not include income as a factor in the demand for money.
B) included income, but did not include the interest rate as a factor in the demand for money.
C) did not include either income or the interest rate as factors in the demand for money.
D) included both income and the interest rate as factors in the demand for money.
Correct Answer:
Verified
Q49: The liquidity preference theory was developed by
A)James
Q50: The economist who has expanded the Baumol-Tobin
Q51: The interest rate is a measure of
A)the
Q52: The tendency of individuals to hold money
Q53: The liquidity preference theory emphasizes
A)the transactions motive
Q55: In the Baumol-Tobin view of the transactions
Q56: According to Baumol and Tobin, the transactions
Q57: People's decision to hold money based on
Q58: Which of the following is true?
A)The demand
Q59: Money's convenience yield is
A)the nominal interest rate
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