Higher national debt leads to higher velocity, since bonds serve as a substitute for money for some purposes.
Correct Answer:
Verified
Q29: In Keynes's model, a(n) _ in interest
Q30: The stability of velocity broke down in
Q31: The yield and expected return on a
Q32: According to both Keynes and Friedman, the
Q33: Before 1970, the quantity of money in
Q35: If the return on stocks falls by
Q36: With the increasing use of online payments
Q37: Credit cards could be one reason that
Q38: Now that Keynes's and Friedman's models have
Q39: Friedman's theory of money demand is more
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