Liquidity preference refers to
A) Keynes' name for the demand for money.
B) the "random walk" behavior of consumption spending.
C) monetarists explanations for stagflation.
D) real business cycle theorists' explanations for stagflation.
E) the controversy sparked by the Lucas critique.
Correct Answer:
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Q11: If the IS curve is relatively steep,then
A)there
Q12: Which of the following statements about Keynes'
Q13: "Effective demand" represents which of the following?
A)money
Q14: "In the long run,we're all dead" was
Q15: In the 1960s,the monetarist school of thought
Q17: Liquidity preference refers to the theory of
A)money
Q18: During the 1970s and 1980s,macroeconomists were busy
Q19: The neoclassical synthesis
A)was a name coined by
Q20: The neoclassical synthesis had emerged by what
Q21: As the IS curve becomes steeper,we know
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