A production possibilities curve will shift outward or to the right for all of the following reasons EXCEPT
A) an increase in the unemployment rate.
B) an increase in the quality of the labor force.
C) an improvement in production technology.
D) a discovery of a new source of renewable energy.
A
You might also like to view...
Fractional reserve banking began
A) in ancient Greece. B) in the early nineteenth century. C) in the early twentieth century. D) in the Middle Ages.
Last year in the country of Union, the price level increased and real GDP increased. Such an outcome might have occurred because short-run aggregate supply ________ and aggregate demand ________
A) decreased; decreased B) increased; did not change C) increased; decreased D) did not change; increased
Comparing firms in perfectly competitive markets to monopoly firms, which produces more output?
The airline pilots' union and the National Education Association are examples of ______ unions.
Fill in the blank(s) with the appropriate word(s).