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QUESTION 33 Which of the following is true? OA. Individuals have an infinite emand to hold cash-balances. OB. Unemployed resources are actually scarce. OC. The "Paradox of Thrift" causes recessions OD. The size of the underground economy does not depend on tax rates. OE. The "Liquidity Trap" infers money velocity approaches infinity

QUESTION 33 Which of the following is true? OA. Individuals have an infinite emand to hold cash-balances. OB. Unemployed resources are actually scarce. OC. The "Paradox of Thrift" causes recessions OD. The size of the underground economy does not depend on tax rates. OE. The "Liquidity Trap" infers money velocity approaches infinity

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 33 Which of the following is true? OA. Individuals have an infinite emand to hold cash-balances. OB. Unemployed resources are actually scarce. OC. The "Paradox of Thrift" causes recessions OD. The size of the underground economy does not depend on tax rates. OE. The "Liquidity Trap" infers money velocity approaches infinity
Transcribed Image Text:QUESTION 33 Which of the following is true? OA. Individuals have an infinite emand to hold cash-balances. OB. Unemployed resources are actually scarce. OC. The "Paradox of Thrift" causes recessions OD. The size of the underground economy does not depend on tax rates. OE. The "Liquidity Trap" infers money velocity approaches infinity
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