Multiple Choice
Marcus is of the opinion that the theory of liquidity preference explains the determination of the interest rate very well.Most economists would say that Marcus's opinion is
A) Keynesian in nature,and that his view is more valid for the long run than for the short run.
B) classical in nature,and that his view is more valid for the long run than for the short run.
C) Keynesian in nature,and that his view is more valid for the short run than for the long run.
D) classical in nature,and that his view is more valid for the short run than for the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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