ANSWERS: QOTW 9
1. The multiplier, liquidity preference, expectations and animal spirits were terms introduced by Lord J. M. Keynes.
2. The IS-LM model was developed by John Hicks and Alvin
Hansen.
3. Frictional, natural, structural, cyclical, disguised are all forms of unemployment.
4. The Phillips Curve illustrates the relationship
between unemployment and inflation.
5. Medium of exchange store of value
and unit of account are functions of
money.
All 5 Correct answers were submitted by: NOBODY :(
