Monetarists argue that the interest elasticity of the demand for money is
a. low, while Keynesians say it is high.
b. important in terms of affecting economic activity.
c. highly variable.
d. an important factor in determining if velocity is stable or unstable.
Question 2
Speculation in the sale of public lands
(a) did not occur.
(b) placed land in the hands of capitalists at a price that was not competitive.
(c) proved to be a necessary evil in transferring land from public to private ownership.
(d) was caused by squatters.
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Ripped Money
The growth in demand for energy use is met by burning fossil fuels
The Economics of Money, Banking and Financial Markets, Business School Edition
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