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Conventional Money Demand Functions Tended to ________ Money Demand in the Middle

Question 95

Multiple Choice

Conventional money demand functions tended to ________ money demand in the middle and late 1970s,and ________ velocity beginning in 1982.


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

Correct Answer:

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