Economics · Macroeconomics
According to Keynesian theory, the demand for money for transaction and precautionary motives is primarily:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Independent of national income
- 2Perfectly elastic to interest rates
- 3Income-inelastic
- 4Interest-inelastic✓
Correct answer
Interest-inelastic
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