According to Milton Friedman, when the public holds more cash balances than it desires at any level of interest rates, the public tends to: (a) increase PCE and personal savings while reducing personal debt; (b) sell fixed income securities; (c) give money away to the charities of their choice; (d) eat more tacos.

According to Milton Friedman, when the public holds more cash balances than it desires at any level of interest rates, the public tends to: (a) increase PCE and personal savings while reducing personal debt; (b) sell fixed income securities; (c) give money away to the charities of their choice; (d) eat more tacos.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Interest, Rent, And Profit

Section16.1: Interest

Problem 4ST

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