A striped racer, also known as the California whipsnake, is a species of non-venomous snake native to the coast and foothills of California. It is a long, slender, and fast-moving snake, identified by its distinctive stripes running down the length of its body. They primarily feed on lizards and small rodents. The scientific name for this species is Masticophis lateralis.
Liquidity preference
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noun; the tendency for the public to want to hold income in cash relative to its willingness to hold it as interest-bearing savings (bonds).
The liquidity preference is analogous to a supply curve for lendable funds. If the price for lendable funds--that is to say, the interest rate--is high, then the amount be be large. If the interest rate is low, then the public will be more inclined to [hoard] income as cash.
Income held as cash is not spent on goods and services, so if the amount increases abruptly then there will be a [recession]. If it is held in some interest-bearing form, then it can be spent on [fixed capital], thereby increasing output and employment.
During a recession, if the liquidity preference is high, a lot of money is going to be held as cash. One could [free up] some cash for job-creating investment by raising interest rates, but that would [eradicate] a lot of business opportunities. So monetary authorities [monetize] debt instead, creating a new supply of credit to replace the savings lost by falling interest rates.
Liquidity preference meaning & definition 1 of Liquidity preference.
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the fact that people, for example people who are making investments, prefer to have cash, or assets that can be quickly exchanged for cash:
Liquidity preference meaning & definition 2 of Liquidity preference.