Keynes called the money people hold in order to pay unforeseen or unexpected expenses the:
a. transactions demand for holding money.
b. precautionary demand for holding money.
c. speculative demand for holding money.
d. store of value demand for holding money.
b
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Which of the following is a part of the "employer mandate" provision of the Patient Protection and Affordable Care Act (ACA)?
A) Every firm with more than 3 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan. B) Every resident of the United States must have health insurance that meets certain basic requirements. C) Firms with 50 or more full-time employees must offer health insurance or pay a $3,000 fine to the federal government for every employee who receives a tax credit from the federal government for obtaining health insurance through a health insurance marketplace. D) Small businesses with fewer than 50 employees are exempt from being required to participate in the program.
An economic forecast:
a. will always be true. b. is more reliable than a weather forecast. c. will never provide valuable information. d. should not be relied upon to predict economic events. e. is always based upon a Ceteris paribus condition.
If the CPI in City A is 150 and the CPI in City B is 135,
a. the dollar has greater purchasing power in City B. b. prices are higher in City A than they are in City B. c. City B must be using a different base year. d. None of these.
Suppose the government wants to spend more. There is no unemployment. Which of the following would be the least inflationary?
A. Increase government expenditures and sell bonds to the Federal Reserve. B. Increase government expenditures and taxes at the same time. C. Increase government expenditures and reduce taxes. D. Increase government expenditures and use money already in the Treasury to finance these expenditures.