Question:

3. a. According to the theory of liquidity preference

Last updated: 7/12/2022

3. a.  According to the theory of liquidity preference

3. a. According to the theory of liquidity preference developed by John Maynard Keynes, what are the 3 main motives for holding money and how are they related to important economic variables? b. How does the theory help explain the downward slope of the aggregate-demand curve?