When 2 units of labor are used, output is

What does a production possibilities curve (PPC) show? What is the difference between a PPC that is linear and a PPC that is curved away from the origin?

What will be an ideal response?

Suppose k = 0.25. With a $10 billion decrease in the money supply, the LM curve shifts

A) to the left by $40 billion. B) to the left by $4 billion. C) to the left by $2.5 billion. D) to the right by $0.25 billion.