Keynes argued that the precautionary component of the demand for money was primarily determined by the level of people's ________, which he believed were proportional to ________

A) incomes; wealth
B) incomes; age
C) transactions; income
D) transactions; age


C

Economics

You might also like to view...

Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 

A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C

Economics

Forward transactions originated in the market for

A) common stock. B) corporate bonds. C) government bonds. D) agricultural and other commodities.

Economics

Evidence shows that children from poor communities typically have:

A. increased opportunities to acquire human capital. B. reduced opportunities to acquire human capital. C. equal opportunities to acquire human capital, but choose not to acquire as much on average than others. D. equal opportunities to acquire human capital, and choose to acquire more on average than others.

Economics

There are hundreds of companies in the business of providing natural gas to residential users. For the most part, these local gas companies each only serve their local community, so they buy in very competitive markets but sell locally and without competitors. The retail market is therefore likely to be

A. perfect competition. B. oligopoly. C. monopolistic competition. D. monopoly.

Economics