Multiple Choice
More realistically, the liquidity function is not ______ but a(n) ______ function of the demand for real balances based on changes in the ______.
A) constant; decreasing; nominal rate of interest
B) increasing; constant; real rate of interest
C) decreasing; increasing; level of real income
D) constant; increasing; real rate of interest
Correct Answer:
Verified
Correct Answer:
Verified
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