When the economy is in the liquidity trap, the

A) LM curve is horizontal.
B) LM curve is vertical.
C) IS curve is horizontal.
D) IS curve is vertical.

A

Economics

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Suppose the United States experiences a long period of inflation relative to other countries. How will this affect U.S. net exports?

What will be an ideal response?

Economics

According to demographers. The "demographic transition" resulting from an increase in living standards follows a pattern of:

A. Death rates falling ahead of a decline in birth rates B. Death rates falling after birth rates fall C. Death rates rising as birth rates fall D. Death rates rising as birth rates rise

Economics