İKTİSADA GİRİŞ II - Deneme Sınavı - 20
II. By assuming a constant velocity, classical economists insist that any change in the quantity of money affects only prices with same direction and the same rate.
III. Any change in the quantity of money will affect the investments via its effect on interest rate and then investment changes affect nominal income.
What can be said to be true about classical economists' explanation of the relationship between the quantity of money and economic activities?
II. Keynesian economists accept that money is neutral; that is, it has no effect on the volume of output in the economy.
III. While nominal income is directly related with money demand, interest rate affects the demand for money inversely.
What can be said to be true about Keynesian economists explanation of the relationship between the quantity of money and economic activities?
II. Serving as a Medium of Exchange
III. Serving as the Banker for Banks and as the Lender of Last Resort
Which of the given functions is the central bank's function?
Which of the following best completes the sentence above?
Which of the following most appropriately completes the sentence above?
Which of the following most appropriately completes the sentence above?
Which of the following most appropriately completes the sentence above?