Multiple Choice
Keynes assumed that the expected return on bonds is determined by
A) the interest rate on the bond.
B) the interest rate on the bond adjusted for expectations of capital gains or losses on the bond.
C) the interest rate on the bond adjusted for the expected inflation rate.
D) the expected inflation rate adjusted for expectations of capital gains or losses on the bond.
Correct Answer:

Verified
Correct Answer:
Verified
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