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Author Question: Keynesians argue that the interest elasticity of the demand for money is a. low, while ... (Read 26 times)

saraeharris

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Keynesians argue that the interest elasticity of the demand for money is
 
  a. low, while monetarists say it is high.
  b. unimportant in terms of affecting economic activity, while monetarists disagree.
  c. relatively high, while monetarists argue it is low.
  d. not a factor in determining if velocity is stable or unstable.

Question 2

Compared to the 19th century, the population of the 20th century
 
  (a) was largely urbanized.
  (b) was 3.7 times larger in number.
  (c) experienced a 63 percent increase in life expectancy at birth.
  (d) can be described by all of the above.



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6ana001

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Answer to Question 1

C

Answer to Question 2

(d)





 

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