Refer to the following graph.
FH is the ________, which tells us how much of good B must be exchanged on ________ market to obtain an additional good A
A. consumption possibilities curve; domestic
B. production possibility curve; domestic
C. production possibility curve; world
D. consumption possibilities curve; world
Answer: D
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The narrow definition of the money supply includes only currency held by the nonbanking public
a. True b. False Indicate whether the statement is true or false
If inflation was zero percent, nominal interest rates would be:
A. equal to real interest rate. B. larger than real interest. C. smaller than real interest. D. at the optimal rate.
Poverty is
A. an absolute, not a relative concept. B. a relative concept, not an absolute. C. both an absolute and a relative concept. D. neither an absolute nor a relative concept.
The recession of 1937-38 had two basic causes: (1) _______________________; and (2) _________________________.
Fill in the blank(s) with the appropriate word(s).