If the financial innovations such as ATM machines make money demand less elastic than it was before, then
a. the LM curve will become steeper.
b. the LM curve will become flatter.
c. both the IS and LM curves will become flatter.
d. the LM curve will shift to the left.
A
Economics
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Why do consumers sometimes take a while to respond to price changes?
(A) Consumers need time to decide whether the good is a luxury or a necessity. (B) Price changes do not affect consumers. (C) Demand sometimes becomes less elastic over time. (D) Consumers cannot find acceptable substitutes immediately.
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Which of the following types of insurance do men pay lower premiums than do women?
A) life insurance B) health insurance C) auto insurance D) There are no legally allowed differences.
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