Ayushi posted an Question
August 14, 2020 • 04:55 am 30 points
  • UGC NET
  • Economics

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 in

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 best-answer

    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 and these both with improve economic activity.

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