Economic growth can best be portrayed as a(n)
A. outward shift of the production possibilities frontier.
B. movement from a point inside to a point outside of the production possibilities frontier.
C. inward shift of the production possibilities frontier.
D. movement from a point near the vertical axis to a point near the horizontal axis on the production possibilities frontier.
Answer: A
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Which of the following could explain a decrease in the equilibrium interest rate and an increase in the equilibrium quantity of loanable funds?
a. The demand for loanable funds shifted rightward. b. The demand for loanable funds shifted leftward. c. The supply of loanable funds shifted rightward. d. The supply of loanable funds shifted leftward.
The capital markets can be divided into two broad categories:
What will be an ideal response?
Bonds are generally seen as good investments for people seeking ______.
a. safety b. risk c. growth d. ownership
Figure 19-3
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Of the graphs in Figure 19-3, where the dotted line shows the actual exchange rate, which one shows a country with an undervalued currency and a balance of trade surplus?
A. 1 B. 2 C. 3 D. 4