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Author Question: Liquidity preference refers to A) Keynes' name for the demand for money. B) the random walk ... (Read 35 times)

Themember4

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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