Which of the following statements concerning the demand for money is false? The speculative demand for money varies directly with the level of national income. The transactions, precautionary, and speculative demands for money all vary inversely with the level of interest. The transactions demand for money is influenced by both the level of income and the interest rate.
Which of the following statements concerning the demand for money is false? The speculative demand for money varies directly with the level of national income. The transactions, precautionary, and speculative demands for money all vary inversely with the level of interest. The transactions demand for money is influenced by both the level of income and the interest rate.
Chapter20: Monetary Policy
Section: Chapter Questions
Problem 3SQ
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- Which of the following statements concerning the demand for money is false?
- The speculative demand for money varies directly with the level of
national income . - The transactions, precautionary, and speculative demands for money all vary inversely with the level of interest.
- The transactions demand for money is influenced by both the level of income and the interest rate.
- The speculative demand for money varies directly with the level of
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