14. Both Keyness and Friedmans theories of the demand for money suggest that as the relative expected
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14. Both Keynes’s and Friedman’s theories of the demand for money suggest that as the relative expected return on money falls, demand for it will fall. Why does Friedman think that money demand is unaffected by changes in interest rates, but Keynes thought that it is affected?
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Related Book For 
The Economics Of Money Banking And Financial Markets
ISBN: 9780321122353
7th Edition
Authors: Frederic S. Mishkin
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