The theory of liquidity preference is largely at odds with the basic ideas of supply and demand

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Explain how and why an all-volunteer army may actually be cheaper than an army staffed with drafted soldiers

What will be an ideal response?

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Refer to Table 2-6. What is James's opportunity cost of making a tricycle?

A) 2 tricycles B) 3/4 of a wagon C) 1/2 of a wagon D) 1/2 of a tricycle

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Under a flexible exchange rate regime, an increase in real money demand

A) moves the AA curve to the right. B) moves the AA curve to the left. C) leaves the AA curve unchanged. D) moves the DD curve to the right. E) moves the DD curve to the left.

Economics

According to the above table, the equilibrium price of DVDs is

A) $16. B) $14. C) $12. D) $10.

Economics