Economics · Macroeconomics
Arrange the following economic theories concerning the demand for money in chronological order, starting from the oldest to the latest: (A) Keynesian Theory of Demand for Money (B) Quantity Theory of Money (Fisher's Approach) (C) Cambridge Cash Balance Approach (D) Modern Quantity Theory of Money (Friedman's Approach)
- 1(C), (B), (D), (A)
- 2(B), (C), (A), (D)✓
- 3(A), (C), (B), (D)
- 4(B), (C), (D), (A)
Correct answer
(B), (C), (A), (D)
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