Statement I: John Maynard Keynes Called the Hoarding of Money

Multiple Choice

Statement I: John Maynard Keynes called the hoarding of money at very low interest rates a "liquidity trap."
Statement II: Since the late 1990s,Japan has been caught in a liquidity trap.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.