Multiple Choice
An important distinction between Friedman's and Keynes' view of money demand was that
A) Friedman thought that interest rates had a larger effect than Keynes.
B) Friedman thought that interest rates had a smaller effect than Keynes.
C) Keynes emphasized the effect of expected average lifetime income.
D) Friedman assumed the return on money was zero.
Correct Answer:
Verified
Correct Answer:
Verified
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