Which of the following will shift an economy's production possibilities curve outward?
A. An improvement in technology
B. An increase in the unemployment rate
C. A decrease in land, labor or capital
D. A decrease in the unemployment rate
A. An improvement in technology
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In Figure 4.1, the demand curve that is perfectly elastic is on graph:
A. A. B. B. C. C. D. D.
Refer to the information provided in Figure 27.1 below to answer the question(s) that follow.
Figure 27.1Refer to Figure 27.1. Suppose the economy is at Point A, a decrease in taxes can cause a movement to Point
A. E. B. B. C. C. D. D.
Companies that operate in markets that have free entry and exit
A. can earn negative economic profits, but in the long run, firms have zero economic profits. B. can earn positive or negative economic profits, but in the long run, firms have negative economic profits. C. can earn positive economic profits, but in the long run, firms have zero economic profits. D. can earn positive or negative economic profits, but in the long run, firms have zero economic profits.
Everything else remaining unchanged, if the demand curve for reserves shifts to the right and borrowed reserves is zero:
A) there will be a decrease in both the federal funds rate and the quantity of reserves. B) there will be an increase in the federal funds rate but no change in the quantity of reserves. C) there will be an increase in both the federal funds rate and the quantity of reserves. D) there will be a decrease in the federal funds rate but no change in the quantity of reserves.