3 73. which of the following statements best describes keynes view on working of bank rate as a method of credit control? (1) he says that bank rate does not in

3 73. Which of the following statements best describes Keynes view on working of bank rate as a method of credit control? (1) He says that bank rate does not influence the economy at all (2) He argues that it affects the economy through its influence on long-term interest rates (3) He argues that it affects the economy through its influence o short-term interest rates (4) None of the above