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QUESTION 3 3 Which of the following is true? A . Individuals have an infinite Semand to hold cash - balances. B . Unemployed resources
QUESTION
Which of the following is true?
A Individuals have an infinite Semand to hold cashbalances.
B Unemployed resources are actually scarce.
C The "Paradox of Thrift" causes recessions
D The size of the underground economy does not depend on tax rates.
E The "Liquidity Trap" infers money velocity approaches infinity
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