Ayushi Asked a Question
August 13, 2020 11:25 pmpts 30 pts
24. Asper JM Keynes variations in the bank rate influence economic activity through their impact upon , (1) Short Term Rate of Interest (2) Long Term Rate of Interest (3) Both Short and Long Term Interest Rates (4) Has no impact on the economy at all
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  • Nidhi taparia thankyou
    The answer should be (3). While Keynes' main treatise emphasised on the movements of short term interest rates, he also stated these movements will impact long term interest rates...
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