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In the Liquidity Trap a Small Change in Interest Rates

question 94

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In the liquidity trap a small change in interest rates produces ________ change in the quantity of money demanded.


Definitions:

Microelectrodes

Small electrodes used to record electrical activity from single neurons or groups of neurons in living tissue.

Paralysis

The loss of the ability to move (and sometimes to feel anything) in part or most of the body, typically as a result of illness, poison, or injury.

Association Areas

Regions of the brain that integrate input from diverse brain regions to perform complex functions such as thinking, learning, and remembering.

Motor Cortex

The segment of the cerebral cortex dedicated to the planning, management, and execution of voluntary movements.

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