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Starting in 1974,the Conventional M1 Money Demand Function Began to Severely

Question 52

Multiple Choice

Starting in 1974,the conventional M1 money demand function began to severely ________ the demand for money. Stephen Goldfeld labeled this phenomenon "the case of the missing ________."


A) underpredict;velocity
B) overpredict;velocity
C) underpredict;money
D) overpredict;money

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