Early Keynesians concluded that the quantity of money was not importan
Early Keynesians concluded that the quantity of money was not important because they assumed
a. low interest elasticity of money demand and high interest elasticity of the demand for output.
b. high interest elasticity of money demand and low interest elasticity of the demand for output.
c. high interest elasticity of money demand and high interest elasticity of the demand for output.
d. both low interest elasticity of money demand and of the demand for output.
ANSWER
B
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