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
E
Economics
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A tariff is a:
A. Tax B. Price ceiling C. Quantity limit D. Subsidy
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If an increase in consumer incomes causes the demand curve for product Z to shift to the left, then it can be said that product Z is a(n):
a. Inexpensive good b. Normal good c. Luxury good d. Inferior good
Economics