According to Keynes’ theory of money demand, a low interest rate incre
According to Keynes’ theory of money demand, a low interest rate increases the likelihood of a capital ________ and ______ the interest elasticity of money demand.
a. gain on bonds; reduces.
b. gain on money; increases.
c. loss on bonds; reduces.
d. loss on money; increases.
e. none of the above.
ANSWER
C
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