explain the Keynesian approach to demand for money ?
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Keynes explained the asset motive through what he termed 'speculative demand'. In this theory, he argued that demand for money is a choice between holding cash and buying bonds. If interest rates are low, then people will tend to expect rising interest rates, and therefore a fall in the price of bonds.
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Explanation:
Keynes explained the asset motive through what he termed 'speculative demand'. In this theory, he argued that demand for money is a choice between holding cash and buying bonds
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