If a country is producing efficiently and is on the production possibilities frontier, the country can produce more of one good without producing less of the other good

In the basic closed-economy ISLM model, as the interest sensitivity of money demand increases, fiscal policy has ________ effect on output and monetary policy has ________ effect on output

A) less; less B) more; more C) more; less D) less; more

If a monopoly market were to be transformed into a competitive market, the result would be that a. market output would increase

b. the market would be efficient, once the market reached the competitive output. c. the deadweight loss from the monopoly would be eliminated. d. All of the above would be true.