Answer to Question #74606 in Macroeconomics for Thulie

Question #74606
Which one of the following regarding the demand for money is correct?
[1] The speculative demand for money is a function of the income level and the interest
rate.
[2] The transactions demand for money is inversely related to the interest rate.
[3] The position of the money demand curve is determined by the income level.
[4] An increase in interest rate will result in a decrease in the precautionary demand for
money.
1
Expert's answer
2018-03-15T17:13:07-0400
[1] The speculative demand for money is a function of the income level and the interest rate.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS