If a series of major technological breakthroughs occur in the economy at the same time, then the most likely outcome would be that the economy's
a. investment curve will shift downward
b. investment curve will shift upward
c. consumption curve will shift downward
d. consumption curve will shift upward
e. position along the existing investment curve will move upward
B
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An increase in the labor force shifts the production possibilities frontier inwards over time
Indicate whether the statement is true or false
From 1800 to 1940, the price level in the United States
A) trended neither upward nor downward. B) fluctuated wildly. C) declined slowly. D) increased slowly.
Refer to the graph below. The slope of the tangent line at various points on the curve as the value of X increases (i.e., as we move to the right along the curve) is: (confusing)
A. Increasing in algebraic value
B. Decreasing in algebraic value
C. Becoming more positive
D. Becoming less negative
How much is this firm's output?
