In the Keynesian model the quantity of money demanded is ________ related to income and ________ related to the interest rate

Tradionally, it was pretty hard to get a mortgage

What will be an ideal response?

The above figure shows the production possibility frontier for a country. Suppose the country is producing at point A. What is the opportunity cost of increasing the production of rice to 12 tons?

A) 6 thousand bottles of wine B) 9 thousand bottles of wine C) 15 thousand bottles of wine D) 12 tons of rice E) Nothing, it is a free lunch.