Economic growth causes the
A) production possibilities curve to shift rightward and the long-run aggregate supply curve to shift rightward.
B) production possibilities curve to shift leftward and the long-run aggregate supply curve to shift rightward.
C) production possibilities curve to shift rightward and the long-run aggregate supply curve to shift leftward.
D) production possibilities curve to shift leftward and the long-run aggregate supply curve to shift leftward.
Answer: A) production possibilities curve to shift rightward and the long-run aggregate supply curve to shift rightward.
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Refer to Figure 18-1. Currency speculators believe that the value of the euro will decrease relative to the dollar. Assuming all else remains constant, how would this be represented?
A) Supply would increase, demand would decrease and the economy moves from C to B to A. B) Supply would decrease, demand would decrease and the economy moves from B to C to D. C) Supply would increase, demand would increase and the economy moves from D to A to B. D) Supply would decrease, demand would increase and the economy moves from A to D to C.
A majority of federal revenue once came from tariffs
a. True b. False
A bank will consider a car loan to a customer ________ and a customer's checking account to be ________
A) a liability; an asset B) an asset; a liability C) a liability; a liability D) an asset; an asset E) an asset; net worth
Infrastructure, such as public works and public services, is also referred to as
A. intangible capital. B. tangible capital. C. social capital. D. human capital.