According to Keynes, a shift in liquidity preference is a. a shift in

According to Keynes, a shift in liquidity preference is

a. a shift in the money demand schedule drawn against the interest rate as the level of income changes.
b. a change in the amount of money demanded for given levels of the interest rate and income.
c. a shift in individuals’ portfolios away from bonds and toward holding an increased amount of money for given levels of the interest rate and income.
d. Either a or c
e. all of the above

ANSWER

E