Question
The "liquidity trap" refers to a situation
where:Solution
In a liquidity trap, interest rates are so low that everyone expects them to rise (bond prices to fall). Thus, the speculative demand for money becomes infinite—people hold any amount of money supplied. Monetary policy (increasing money supply) becomes ineffective as it doesn't lower interest rates further.
What is the position of C with respect to the one who sits to the immediate right of Z?
How many steps will be required to get the final output from the following input?
Input: 183 35 553 201 273 249 511 91
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