Rare card
Liquidity trap
- Value
- 50 W
- Attack
- 241
- Defence
- 193
- Players
- 0
A liquidity trap is a situation, described in Keynesian economics, in which, "after the rate of interest has fallen to a certain level, liquidity preference may become virtually absolute in the sense that almost everyone prefers holding cash rather than holding a debt (financial instrument) which…
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