Marcus Is of the Opinion That the Theory of Liquidity

question 99

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.

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Definitions:

Depth Cue

Visual information that helps perceive the distance or three-dimensional characteristics of objects.

Monocular Depth Cue

Visual information that enables perception of depth and distance using one eye.

Retinal Disparity

The slight difference in images between the two eyes, which is crucial for depth perception.

Perceived Distance

The subjective estimation or impression of how far away an object or destination appears to be.