Match List I with List II.
List I
(A) Inventory Theoretic Approach
(B) Liquidity Preference as a behaviour towards risk
(C) Money as a temporary abode of purchasing power
(D) A discontinuous individual speculative demand for money function.
List II
(I) J. M. Keynes
(II) W. J. Baumol
(III) Milton Friedman
(IV) James Tobin.
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Demand for money and monetary theories has come up 82 times in 7 exams since 2005.
What this question tests
This question is on Keynesian liquidity preference, part of Demand for money and monetary theories in Macroeconomics.
Why people hold money: the transactions, precautionary and speculative motives and the link to interest rates.
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Question from the CUET-PG 2022 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.