According to Keynes, a shift in liquidity preference is
a. a shift in the money demand schedule drawn against the interest rate as the level of income changes.
b. a change in the amount of money demanded for given levels of the interest rate and income.
c. a shift in individuals' portfolios away from bonds and toward holding an increased amount of money for given levels of the interest rate and income.
d. Either a or c
e. all of the above
Question 2
Which of the following statements is (are) correct? Regardless of whether the LM curve is vertical or upward sloping,
a. a money stock target is superior to an interest rate target when the uncertainty facing the policymaker concerns the IS schedule.
b. an interest rate target is always superior to a money stock target when the uncertainty facing the policymaker concerns the IS schedule.
c. both a money stock target or interest rate target provide the same results when the uncertainty facing the policymaker concerns the IS schedule.
d. a money stock target is never superior to an interest rate target when the uncertainty facing the policymaker concerns the IS schedule.
The Doppler Shift
Chloride shift reaction
Schedule for Controlled Substances Cont
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Students and Money
Effect of an Exogenous Shift in Income