The economy tends to be more stable with a __________ LM curve causing interest rates to be rather __________ to shifts in the IS curve

A) steeper; sensitive
B) steeper; insensitive
C) flatter; sensitive
D) flatter; insensitive

A

Economics

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Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure.Which of the following is true?

A. Moe has a comparative advantage in economics. B. Moe has an absolute advantage in economics. C. Moe's opportunity cost of studying for each subject is increasing. D. Moe has a comparative advantage in physics.

Economics

Refer to the information provided in Figure 2.5 below to answer the question(s) that follow. Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the

A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs. B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs. C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs. D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.

Economics