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According to Keynes, what are the determinants of the interest rate in his analysis?
According to Keynes, what are the determinants of the interest rate in his analysis?
The determinants of the interest rate in Keynes' analysis are the 'monetary' factors alone, focusing on the demand for and supply of money.
How does Keynes describe the rate of interest in his analysis?
How does Keynes describe the rate of interest in his analysis?
Keynes describes the rate of interest as purely 'a monetary phenomenon.'
What does Keynes consider as a reward for 'parting away with liquidity'?
What does Keynes consider as a reward for 'parting away with liquidity'?
Keynes considers interest as the reward for 'parting away with liquidity.'
What does Keynes refer to as the most liquid asset, and why do people prefer it?
What does Keynes refer to as the most liquid asset, and why do people prefer it?
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What factors determine how much of their resources people will hold in the form of cash and how much they will spend, according to Keynes?
What factors determine how much of their resources people will hold in the form of cash and how much they will spend, according to Keynes?
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