Liquidity preference refers to A) Keynes' name for the demand ...

[Themember4]

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.

Question 2

According to Keynes,
 
  A) the Great Depression was caused by ill-considered expansionary fiscal policy.
  B) balancing the budget in the midst of a depression would be a serious mistake.
  C) inflation is always and everywhere a monetary phenomenon.
  D) the Phillips curve is stable.
  E) none of the above

[stallen]

Answer to Question 1

A

Answer to Question 2

B