Indicate whether each view follows the traditional (neoclassical) view of money,
ID: 1152549 • Letter: I
Question
Indicate whether each view follows the traditional (neoclassical) view of money, banking, and capitalist economies, or the (post)Keynesian view.
__2__
Money precedes production
__2__
Money developed through rational, private actors in an attempt to economize on transaction costs
__2__
The level of investment depends most significantly on expectations ('animal spirits')
__1__
Loans create the money necessary to invest, and therefore to produce and generate an income to deposit into banks. (loans create deposits)
__1__
The level of investment depends most significantly on the interest rate
__1__
Production precedes money
__1__
Deposits into banks create the funds that get loaned out. (deposits create loans)
1.
Traditional (neoclassical)
2.
(Post) Keynesian
__2__
Money precedes production
__2__
Money developed through rational, private actors in an attempt to economize on transaction costs
__2__
The level of investment depends most significantly on expectations ('animal spirits')
__1__
Loans create the money necessary to invest, and therefore to produce and generate an income to deposit into banks. (loans create deposits)
__1__
The level of investment depends most significantly on the interest rate
__1__
Production precedes money
__1__
Deposits into banks create the funds that get loaned out. (deposits create loans)
1.
Traditional (neoclassical)
2.
(Post) Keynesian
Explanation / Answer
A post keynesian. It was argued by Howetson
B post keynesian
C post keynesian
D post keynesian
E neoclassical. It was negatively related to it
F neoclassicsl
G neoclassical