Multiple Choice
Under the Cambridge cash balance approach, money demand is determined by
A) nominal income.
B) real income.
C) the saving rate.
D) velocity.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q42: Rational expectations theory is based on the
Q43: The function of the interest rate in
Q44: Which of the following statements is inconsistent
Q45: According to Say's law<br>A) the economy will
Q46: In the Classical model, an increase in
Q48: Using the Cambridge equation, by how much
Q49: According to Classical interest rate theory, which
Q50: Using the cash balance version of the
Q51: The velocity of money is assumed to
Q52: According to Classical interest rate theory, which