Because Keynes assumed that the expected return on money was zero, he argued that people would
A) never hold money.
B) never hold money as a store of wealth.
C) hold money as a store of wealth when the expected return on bonds was negative.
D) hold money as a store of wealth only when forced to by government policy.
C
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In the new Keynesian model, an ________ increase in productivity will impact ________
A) unanticipated; both aggregate demand and aggregate supply B) anticipated; both aggregate demand and aggregate supply C) anticipated; aggregate demand, but not aggregate supply D) unanticipated; aggregate demand, but not aggregate supply
Microeconomics is concerned with issues such as
A. The level of inflation in the economy. B. The demand for bottled water by individuals. C. Maintaining a strong level of economic growth. D. All of the choices are correct.
From 1935 to 2017, the yield per acre for wheat has ________ in the United States.
A. roughly doubled B. more than tripled C. increased more than 6-fold D. slightly declined
The demand curve for labor shows how many hours workers demand to work
Indicate whether the statement is true or false