Ask anyone if he or she has enough money. No one ever has enough money, that is,
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Ask anyone if he or she has enough money. No one ever has enough money, that is, everyone demands more money. Thus theorizing about the demand for money makes no sense because this demand obviously is infinite.” Correct and comment on the error in this assertion.
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This assertion makes a fundamental error by confusing money with income Money is M1 The demand ...View the full answer
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Related Book For
Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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