Question
A paper that explains this concept in terms of risk aversion uses the word “plungers” for people who have linear or convex upward indifference curves. That paper by James Tobin is titled for this concept “as behavior towards risk.” The economist who theorized this concept argued that it is determined by the speculative motive, the precautionary motive, and the transactions motive. In the 1930s, it was widely debated whether a theory named for this concept was equivalent to the loanable funds theory. In a model partly named for this concept and developed by Hicks and Hansen, this concept is represented as a curve that decreases as the interest rate increases, with the equilibrium interest rate being the point where that curve intersects the money supply. For 10 points, what term referring to the tendency to hold easily convertible assets is the “L” in the IS–LM model? ■END■
Summary
2023 ACF Nationals | 04/22/2023 | Y | 24 | 33% | 0% | 71% | 135.50 |
Buzzes
Player | Team | Opponent | Buzz Position | Value |
---|---|---|---|---|
Arjun Nageswaran | Harvard A | MIT A | 97 | -5 |
Vincent Du | North Carolina A | Minnesota A | 102 | -5 |
Vivek Sasse | Chicago B | Maryland A | 108 | -5 |
Matt Jackson | Chicago A | Georgia Tech A | 109 | 10 |
Lexi Terman | Rutgers B | Minnesota B | 112 | -5 |
Geoffrey Wu | Columbia A | Indiana A | 113 | -5 |
Clark Smith | Ohio State A | Florida A | 124 | 10 |
Dan Ni | Cornell B | Texas A | 124 | -5 |
Charles Hang | WUSTL A | Cornell A | 124 | -5 |
June Yin | WUSTL B | South Carolina A | 125 | -5 |
Joseph Chambers | Virginia A | Penn A | 136 | 10 |
Tim Morrison | Stanford A | Duke A | 138 | -5 |
Gavin Markoff | Vanderbilt A | Michigan A | 139 | -5 |
Enoch Yuen | Imperial A | Purdue A | 140 | -5 |
Arthur Delot-Vilain | Yale A | Brown A | 141 | -5 |
Robert Condron | Chicago C | Northwestern A | 141 | 10 |
Gareth Thorlakson | Toronto A | UC Berkeley A | 141 | 10 |
Noah Chen | Columbia B | UC Berkeley B | 141 | -5 |
Justin Chen | NYU A | Florida B | 141 | 10 |
Yash Mandavia | Illinois A | Rutgers A | 141 | -5 |
Vaishali Siva | Johns Hopkins A | Houston A | 143 | -5 |
Kevin Fan | McGill A | Georgia Tech B | 143 | -5 |
Conor Thompson | Iowa State A | Yale B | 144 | -5 |
Isaac Mammel | Maryland A | Chicago B | 146 | 0 |
Alex Schmidt | Penn State A | Claremont A | 146 | 0 |
Jerry Lin | Duke A | Stanford A | 146 | 0 |
Aiden Dartley | Rutgers A | Illinois A | 146 | 0 |
Sean Doyle | Houston A | Johns Hopkins A | 146 | 0 |
Alex Pijanowski | Purdue A | Imperial A | 146 | 0 |
Subhamitra Banerjee Roychoudhury | Michigan A | Vanderbilt A | 146 | 10 |
Nicholas Tunks | Minnesota B | Rutgers B | 146 | 0 |
Walter Zhang | Brown A | Yale A | 146 | 0 |
Matthew Siff | Yale B | Iowa State A | 146 | 0 |
Dean Ah Now | Claremont A | Penn State A | 146 | 0 |
Raymond Wang | Cornell A | WUSTL A | 146 | 10 |