Both the portfolio choice and Keyness theories of the demand for money suggest that as the relative
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Both the portfolio choice and Keynes’s theories of the demand for money suggest that as the relative expected return on money falls, demand for it will fall. Why does the portfolio choice approach predict that money demand is affected by changes in interest rates? Why did Keynes think that money demand is affected by changes in interest rates?
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The Economics Of Money, Banking And Financial Markets, Seventh Canadian
ISBN: 9780226531922
7th Canadian Edition
Authors: Frederic S. Mishkin
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