A rightward shift of the production possibilities frontier of an economy represents: (check all that apply)
a. an increase in the average price level in the economy.
b. economic growth.
c. an increase in the quantity of resources.
d. an increase in the overall demand for goods and services in the economy.
b. economic growth.
c. an increase in the quantity of resources.
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Use the following table to answer the next question.Interest RateDemand for Money (billions)7%$200630054004500If the current interest rate is 5%, what will be the equilibrium interest rate if the money supply falls by $100 billion dollars?
A. 6% B. 5% C. 7% D. 4%
_____________ refers to the health and happiness of the total person, involving body, mind, and spirit and includes measures of life expectancy, health, and education
a. Psychographics b. Well-being c. Positive sociology d. Assimilation
The purchase of VCU2 by Tomas Tiergarten, a private resident, causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.
In 2014, the largest source of receipts for state and local governments was individual income taxes
a. True b. False Indicate whether the statement is true or false