Developing countries may have excess savings in one region and inadequate savings in another due to

A Keynesian model is one in which prices are sticky:

a. in the short run only. b. in the short run and in the long run. c. in the long run only. d. so that they never depend on the money supply.

Which of the following is a correct description of Libor?

A) an average interest rate from sixteen large banks are paying to borrow funds from other large banks. B) an interest rate calculated by the British Banker's Association every day at 11 a.m. London time C) an interest rate tied to corporate and mortgage loan contracts valuing roughly $400 trillion D) all of the above