Statement I: John Maynard Keynes Called the Hoarding of Money

question 218

Multiple Choice

Statement I: John Maynard Keynes called the hoarding of money at very low interest rates a "liquidity trap."
Statement II: Since the late 1990s,Japan has been caught in a liquidity trap.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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