Arlo has just completed a study that shows a large number of workers are not doing the jobs that best use their talents. Which point on the production possibilities curve represents this fact?

How did the Great Depression affect economists' beliefs about the macroeconomy?

What will be an ideal response?

If the ________ curve is relatively more unstable than the ________ curve, an interest rate target is preferred

A) IS; IS B) IS; LM C) LM; IS D) LM; LM