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
Random X-chromosome inactivation in a calico cat.
The demand for cheap coal to generate electrical power is rising
The Economics of Money, Banking and Financial Markets, Business School Edition
The original Supply and Demand graph
Random distribution of dandelions
One generation of random mating produces Hardy–Weinberg equilibrium