Multiple Choice
The expression for velocity derived from Keynes's liquidity preference theory is
A) V = P/L(Y, i) .
B) V = L(Y, i) /P.
C) V = Y/L(Y, i) .
D) V = L(Y, i) /Y.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q75: The demand for money for transactions is<br>A)independent
Q76: Keynes called the willingess of individuals to
Q77: An increase in expected inflation leads to
Q78: Which of the following is a key
Q79: Keynes assumed that the return on money
Q81: According to Baumol and Tobin, the transactions
Q82: During the 1980s, the velocity of M1<br>A)was
Q83: Money's convenience yield is<br>A)the nominal interest rate
Q84: The interest rate is a measure of<br>A)the
Q85: In the quantity theory of money demand,<br>A)velocity