Keynes called the willingess of individuals to hold money to pay for unexpected transactions,
A) the transactions motive.
B) the impulse motive.
C) the speculative motive.
D) the precautionary motive.
Correct Answer:
Verified
Q63: An important difference between Keynes's approach to
Q64: According to Friedman, the opportunity cost of
Q65: Keynes believed that people would hold less
Q66: According to Keynes's liquidity preference theory of
Q67: According to Keynes, the demand for real
Q69: Friedman's expression for the demand for real
Q70: Milton Friedman first proposed his explanation of
Q71: Keynes assumed that the return on money
Q72: According to Keynes, if the interest rate
Q73: In Friedman's theory of money demand, when
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents