Compare the classical and Keynesian views con cerning the demand for money.
Answer to relevant QuestionsThe demand for money is inversely related to the interest rate. Explain. What is the significance of calling the deposits you make in your checking account demand deposits? What were "Continental Notes" and "Greenbacks," and what did they--unfortunately--have in common? How did the Fed and government respond to the bank crash of 2007? "The Fed should just increase the money supply at the same rate that the full-employment econ omy grows, and the government should desist from any stabilizing urges." What school of thought would make such a suggestion, and ...
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