Keynes defined the liquidity trap as a situation in which, once interest rates decrease, individuals spend their money rather than holding onto it.

Name: Keynes defined the liquidity trap as a situation in which, once interest rates decrease, individuals spend their money rather than holding onto it.
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Keynes defined the liquidity trap as a situation where interest rates are so low that they cannot decrease any further, causing individuals to hold onto their money rather than spending it.

Keynes Defined the Liquidity Trap as a Situation in Which