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According to the theory of liquidity preference,which variable adjusts to balance the supply and demand for money?
Total Utility
The total satisfaction or benefit derived from consuming a given quantity of goods or services.
Budget
An estimate of income and expenditure for a set period of time, often used by governments, businesses, and individuals to allocate resources.
Utility-maximizing Combination
The selection of goods and/or services that provides the highest utility (satisfaction) for a consumer subject to their income and the prices of the goods/services.
Total Utility
The total satisfaction received from consuming a specific quantity of a good or service.
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