Q37 According to liquidity preference theory, as real income increases, so does ________. Select one: a. the real interest rate b. all of the given options c. the demand for real money balances d. the supply of real money balances
Q37 According to liquidity preference theory, as real income increases, so does ________. Select one: a. the real interest rate b. all of the given options c. the demand for real money balances d. the supply of real money balances
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter24: The Influence Of Monetary And Fiscal Policy On Aggregate Demand
Section: Chapter Questions
Problem 5CQQ
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Q37
According to liquidity preference theory, as real income increases, so does ________.
Select one:
a. the real interest rate
b. all of the given options
c. the demand for real money balances
d. the supply of real money balances
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