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.

---

Definitions:

Minor Infractions

Small or less serious violations or breaches of rules or policies.

Supreme Court

The highest judicial body in a country or jurisdiction, often having the final appellate authority and in some cases pronouncing on constitutional matters.

Employment Equity Act

Legislation aimed at eliminating discrimination and promoting equal opportunities in the workplace, specifically addressing issues related to underrepresented groups.

Employment Barriers

Challenges or obstacles that prevent individuals from gaining employment, such as discrimination, lack of experience, or inadequate education.