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 (-5[1])is represented as a curve (-5[1])that decreases as the interest rate (-5[1])increases, (10[1])with the equilibrium (-5[1])interest (-5[1])rate being the point where that curve intersects the money supply. (10[1]-5[2])For (-5[1])10 points, what term referring to the tendency to hold easily (10[1])convertible assets (-5[1])is (-5[1])the (-5[1])“L” (10[3]-5[3])in the (-5[2])IS–LM (-5[1])model? ■END■ (10[2]0[10])

ANSWER: liquidity preference [accept demand for money or monetary demand or demand for cash; accept “Liquidity Preference as Behavior Towards Risk”; prompt on liquidity]
<Social Science>
= Average correct buzz position

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Summary

2023 ACF Nationals04/22/2023Y2433%0%71%135.50

Buzzes

PlayerTeamOpponentBuzz PositionValue
Arjun NageswaranHarvard AMIT A97-5
Vincent DuNorth Carolina AMinnesota A102-5
Vivek SasseChicago BMaryland A108-5
Matt JacksonChicago AGeorgia Tech A10910
Lexi TermanRutgers BMinnesota B112-5
Geoffrey WuColumbia AIndiana A113-5
Clark SmithOhio State AFlorida A12410
Charles HangWUSTL ACornell A124-5
Dan NiCornell BTexas A124-5
June YinWUSTL BSouth Carolina A125-5
Joseph ChambersVirginia APenn A13610
Tim MorrisonStanford ADuke A138-5
Gavin MarkoffVanderbilt AMichigan A139-5
Enoch YuenImperial APurdue A140-5
Noah ChenColumbia BUC Berkeley B141-5
Justin ChenNYU AFlorida B14110
Gareth ThorlaksonToronto AUC Berkeley A14110
Arthur Delot-VilainYale ABrown A141-5
Robert CondronChicago CNorthwestern A14110
Yash MandaviaIllinois ARutgers A141-5
Kevin FanMcGill AGeorgia Tech B143-5
Vaishali SivaJohns Hopkins AHouston A143-5
Conor ThompsonIowa State AYale B144-5
Dean Ah NowClaremont APenn State A1460
Alex SchmidtPenn State AClaremont A1460
Matthew SiffYale BIowa State A1460
Isaac MammelMaryland AChicago B1460
Subhamitra Banerjee RoychoudhuryMichigan AVanderbilt A14610
Nicholas TunksMinnesota BRutgers B1460
Alex PijanowskiPurdue AImperial A1460
Jerry LinDuke AStanford A1460
Walter ZhangBrown AYale A1460
Raymond WangCornell AWUSTL A14610
Sean DoyleHouston AJohns Hopkins A1460
Aiden DartleyRutgers AIllinois A1460