TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 CONT

(...) it does not emphasize what can happen in severe depression when the liquidity-preference curve is practically horizontal because interest rates are already so low that people are quite indifferent whether they hold M or the near-M government Treasury Bills that the Fed wants to swap for M.  1, fiche 1, Anglais, - liquidity%2Dpreference%20curve

Record number: 1, Textual support number: 1 OBS

for "liquidity-preference schedule" : The so-called "liquidity-preference schedule" of Fig. 18-1 (a) summarizes how an increase in M resulting from monetary policy (open-market purchases, etc.) leads initially to a reduced interest rate - from A's 6 per cent to B's 4 per cent.  1, fiche 1, Anglais, - liquidity%2Dpreference%20curve

Fiche 1,  Justifications,  Français

Fiche 1,  Justifications,  Espagnol