A liquidity trap occurs when the
a. LM curve is steep.
b. LM curve is vertical.
c. LM curve is relatively flat.
d. IS curve is flat.
C
Economics
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One criticism of the unemployment rate is that it
A) is a stock measure. B) does not include people who are not working and are not looking for work. C) does not include the number of discouraged workers as unemployed. D) counts a new entrant that is actively seeking work as unemployed.
Economics
What happens when the supply of a nonperishable good is greater than what consumers want to buy?
a. the good is discarded b. the good becomes a luxury and the price rises c. either the good is saved for later sale or the price is raised d. either the good remains unsold or the price drops
Economics