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Because of the COVID-19 pandemic, American households have replaced part of the market purchases by non-market home production. Could this change have affected the households' demand for money?
a. Yes, it must have reduced the households' demand for money.
b. No, it could not have affected the households' demand for money.
c. Yes, it must have increased the households' demand for money.
d. Yes, but it is not clear whether the effect has been an increase or decrease.
In 1936, Keynes published The General Theory of Employment, Interest, and Money, which many economists agree constructed the fundamentals
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Elucidate economic school of thought does Obama base his economic prescriptions? Detractors accuse him of some leaning towards socialism. However, Obamanomics is simply "Keynesian Economics".
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