If the money market is in the liquidity trap, then people

A) do not want to hold money because its value is at its lowest.
B) want to hold bonds because the interest rate is quite high.
C) do not want to hold bonds because their price is likely to decrease.
D) want to hold bonds because their price is high.
E) a, b and d

C

Economics

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According to the Application, people in Morocco bring meteorites picked up in the desert to local dealers, who then sell them to the public through Websites. This process is a description of

A) a market system. B) a bureaucratic system. C) a barter economy. D) a centrally planned economy.

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Which of the following is the mandate of the European Central Bank?

A) high economic growth B) price stability C) low unemployment D) a fixed exchange rate

Economics