If the economy produces 27 consumer goods and 12 capital goods, the economy would be producing __________________ (outside/on/inside) the production possibilities curve.
inside
Economics
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A system for studying strategic behavior in economics is called
a. decision science. b. political economy. c. game theory. d. solution concepts.
Economics
The economy's long-run aggregate supply curve ________.
A. slopes downward and to the right B. slopes upward and to the right C. is vertical D. is horizontal
Economics
The fixed amount that the issuer of a bond agrees to pay the bondholder each year until the bond matures is called:
a. rent. b. coupon. c. interest. d. load. e. dividend.
Economics
YearSalaryCPI1969$20,52036.71979$43,26572.61989$85,529124.01999$135,250166.62009$170,844214.5Using the information in the table shown, what is the 1999 salary in 2009 dollars?
A. $174,136 B. $132,692 C. $170,844 D. $105,292
Economics