The inevitable cost of protecting domestic industries from foreign competition will be higher prices for domestic consumers

According to Keynes, a shift in liquidity preference is

a. a shift in the money demand schedule drawn against the interest rate as the level of income changes. b. a change in the amount of money demanded for given levels of the interest rate and income. c. a shift in individuals' portfolios away from bonds and toward holding an increased amount of money for given levels of the interest rate and income. d. Either a or c e. all of the above

China's economy did not decline at all during its transition from communism to capitalism

Indicate whether the statement is true or false