Destruction of significant infrastructure will result in a country's production possibilities frontier:
a. becoming steeper.
b. becoming flatter

Moral hazard encourages people to take risks

a. True b. False Indicate whether the statement is true or false

Explanations about what caused the Great Recession differ sharply among economists. The so-called Minsky Explanation involves the following factors, except:

A. A massive euphoric bubble in housing prices that eventually burst B. A huge negative demand shock in the economy C. Flexible average price level in the economy D. Excessive access to home-mortgage loans