If the Financial Innovations Such as ATM Machines Make Money

question 36

Multiple Choice

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.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Evolutionary Psychologist

A professional who studies how evolutionary theory informs the understanding of human thoughts, behaviors, and emotions.

Fight or Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, priming the body for fighting or fleeing.

Natural Selection

A process by which organisms that are better adapted to their environment tend to survive and produce more offspring, a key mechanism of evolution.