Business, 10.12.2019 22:31 amastar

With the real money supply held constant, the theory of liquidity preference implies that a higher income level will be consistent with:

a. no change in the interest rate.
b. a lower interest rate.
c. a higher interest rate.
d. first a lower and then a higher interest rate.

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With the real money supply held constant, the theory of liquidity preference implies that a higher i...