Researchers at the Federal Reserve found that M2 money demand functions performed ________ in the 1980s,with M2 velocity moving ________ with the opportunity cost of holding M2.
A)poorly;erratically
B)poorly;closely
C)well;erratically
D)well;closely

Question

Quizplus · Accepted Answer

The researchers at the Federal Reserve found that M2 money demand functions performed well in the 1980s, with M2 velocity moving closely with the opportunity cost of holding M2.

Researchers at the Federal Reserve Found That M2 Money Demand