When there is a liquidity trap, when the Fed adds bank reserves, there is a large effect on borrowing, investment and aggregate demand

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

False

Economics

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A positive cross price elasticity of demand between two goods suggests that the goods are

A) not related. B) complements. C) substitutes. D) both of unitary elasticity.

Economics

In the year _______ the stock market crashed, while the economy went into a major economic decline which lasted until the year ________.

Fill in the blank(s) with the appropriate word(s).

Economics