Keynes called the money people hold in order to pay unforeseen or ...

[burchfield96]

Keynes called the money people hold in order to pay unforeseen or unexpected expenses the:
 a. transactions demand for holding money.
  b. precautionary demand for holding money.
  c. speculative demand for holding money.
  d. store of value demand for holding money.

Question 2

Economists usually use the term recession to refer to:
 a. any slowdown in the growth of real GDP.
  b. zero real GDP growth.
  c. two or more consecutive quarters of declining real GDP.
  d. a reduction in nominal GDP lasting more than six months.

[Pswine]

Answer to Question 1

b

Answer to Question 2

c

[burchfield96]

Thanks for the timely response, appreciate it

[yeungji]

Gracias!