When the economy is in the liquidity trap, the
A) LM curve is horizontal.
B) LM curve is vertical.
C) IS curve is horizontal.
D) IS curve is vertical.
A
Economics
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Suppose the United States experiences a long period of inflation relative to other countries. How will this affect U.S. net exports?
What will be an ideal response?
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According to demographers. The "demographic transition" resulting from an increase in living standards follows a pattern of:
A. Death rates falling ahead of a decline in birth rates B. Death rates falling after birth rates fall C. Death rates rising as birth rates fall D. Death rates rising as birth rates rise
Economics