If the interest rates in an economy are close to zero, _____
a. there will be an excess demand for loanable funds
b. the economy will be likely to fall into a liquidity trap
c. expansionary monetary policy will be effective, but not contractionary monetary policy
d. contractionary monetary policy will be effective, but not expansionary monetary policy
b
Economics
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At any price below the equilibrium price, the quantity demanded exceeds the quantity supplied, and the price tends to rise.
a. true b. false
Economics
In a situation where an artist is selling his own work to the galleries, the agent is
a. The artist b. The gallery c. Both of the above d. None of the above
Economics