Marcus is of the opinion that the theory of liquidity preference explains the determination of the interest rate very well. Most economists would say that Marcus's opinion is
a. Keynesian in nature, and that his view is more valid for the long run than for the short run.
b. classical in nature, and that his view is more valid for the long run than for the short run.
c. Keynesian in nature, and that his view is more valid for the short run than for the long run.
d. classical in nature, and that his view is more valid for the short run than for the long run.
c
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When a multinational affiliate replicates production in a foreign country it is called ________ foreign direct investment
A) horizontal B) vertical C) transitional D) bisectional E) direct
Classical economics refers to the perspective that the business cycle can be explained
A) using equilibrium analysis. B) using disequilibrium analysis. C) by long-run macroeconomic fluctuations. D) by short-run macroeconomic instability.
Population growth is more likely to contribute to economic growth when
A) economic freedom is present. B) capital accumulation is limited. C) technological progress is limited. D) the labor force participation rate does not increase.
An enterprise that has only one shareholder does not constitute a corporation
a. True b. False Indicate whether the statement is true or false