Which point or output-combination in the above graph could the nation produce only if it experienced inefficiency?

a. Combination F
b. Combination E
c. Combination C
d. Combination G

Ans: a. Combination

Economics

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If the economy is on the IS curve, but is to the left of the LM curve, then the ________ market is in equilibrium, but the interest rate is ________ the equilibrium level

A) goods; below B) goods; above C) money; below D) money; above

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A cash-payment welfare program, where eligibility is no longer an entitlement but emphasizes welfare-to-work is

a. food stamps b. Medicare c. Social Security d. TANF e. SSI

Economics