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A traditional conservative believes in: economic freedom but not personal freedom. neither personal freedom or political...

A traditional conservative believes in:

economic freedom but not personal freedom.

neither personal freedom or political freedom.

personal freedom but not economic freedom.

economic freedom and personal freedom.

In a liquidity trap:

interest rates are near zero.

all of the above is true.

inflation is low.

expansionary monetary policy is ineffective.

Market failure is the focus of the Keynesian School.

True

False

business   economics   
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Answer #1

1.

A traditional conservative believes in:

A traditional conservative believes in: Option-(D) Economic freedom and personal freedom.

Hence option-(D) is correct answer.

2. In a liquidity trap expansionary monetary policy is ineffective, inflation is in negative, and interest rate is zero.

so all the options are true.

3.

Market failure was the focus of Keynesian school as it was asserted after the great depression of 1929 and affirmed that the economy operates below full employment and government intervention is required to prevent market failure.

the correct option is TRUE

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