If the demand for real money balances is proportional to real income, velocity will:
a....
Business, 18.03.2020 21:26 cjustiniano705
If the demand for real money balances is proportional to real income, velocity will:
a. remain constant.
b. vary directly with the interest rate.
c. increase as income increases.
d. increase as income decreases.
Answers: 1
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