Milton Friedman's theory of the demand for money
A) is similar to Tobin's portfolio approach to the demand for money.
B) includes permanent income as one of the significant variables.
C) includes the yields on competing nonmonetary assets.
D) All of the above.
D
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If the price of a good rises, supply will
A. increase. B. decrease. C. not change. D. the answer depends upon the demand in the market.
If the value of a dollar rises in terms of yen, the dollar has ________ and the yen has ________
A) appreciated; appreciated B) appreciated; depreciated C) depreciated; appreciated D) depreciated; depreciated
The law of one price states that identical products should sell for the same price everywhere as long as transactions costs are zero
Indicate whether the statement is true or false
In the sequential version of a game using the same players, the same strategies, and the same possible outcomes as the original game, the equilibrium
A) may be different than in the original game. B) must be different than in the original game. C) will be the same as in the original game. D) is the same as the cooperative version of the original game. E) is the same as the noncooperative version of the original game.