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Author Question: Keynes called the money people hold in order to pay unforeseen or unexpected expenses the: a. ... (Read 71 times)

burchfield96

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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.



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Pswine

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Answer to Question 1

b

Answer to Question 2

c




burchfield96

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


meganmoser117

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Reply 3 on: Yesterday
Excellent

 

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