Research by Laurence Ball showed that
A)the coefficients of money demand were smaller by half than what previous researchers had found.
B)nominal interest rates fell with an increase in money demand.
C)earlier researchers had estimated the money-demand function very precisely and their results held up when additional data was available.
D)increase in money supply can accelerate inflation.

Question

Quizplus · Accepted Answer

Laurence Ball's research indicated that the coefficients of money demand were smaller by half than what previous researchers had found, suggesting a different sensitivity of money demand to its determinants.

Research by Laurence Ball Showed That