Monetarists argue that the interest elasticity of the demand for money is
A)low,while Keynesians say it is high.
B)important in terms of affecting economic activity.
C)highly variable.
D)an important factor in determining if velocity is stable or unstable.

Question

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The Answer of Monetarists argue that the interest elasticity of the demand for money is
A)low,while Keynesians say it is high.
B)important in terms of affecting economic activity.
C)highly variable.
D)an important factor in determining if velocity is stable or unstable.

Monetarists Argue That the Interest Elasticity of the Demand for Money