Which of the following causes the production possibilities curve to shift to the right?
A. a famine
B. a war
C. the depletion of oil reserves
D. the development of a new technology that improves productivity
Answer: D
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Suppose you and your friend are in a shopping mall and you borrow $100 from your friend to pay for a pair of shoes that you purchase in a sho
A) transaction costs. B) indirect financing. C) direct financing. D) moral hazard.
If there were no usury law the quantity of money borrowed would be $_______ billion.
A. 125
B. 250
C. 275
D. 300
Suppose that in 2011 nominal GDP increased and real GDP decreased relative to the year 2010 . It can be concluded that:
a. the economy experienced inflation and the total production of goods and services increased. b. the economy experienced deflation and the total production of goods and services increased. c. the economy experienced inflation and the total production of goods and services decreased. d. the economy experienced deflation and the total production of goods and services decreased.
A positive supply shock causes a leftward shift in the SRAS curve
a. True b. False Indicate whether the statement is true or false