A decrease in growth rates will cause:


Answer: an inward shift of an economy's production possibilities curve

Economics

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What are the four components of aggregate demand?

What will be an ideal response?

Economics

An open market purchase is where the Fed

What will be an ideal response?

Economics

For the purposes of calculating GDP, investment includes:

A. purchases of stock. B. purchases of government bonds. C. the value of new residential construction. D. purchases of old automobiles.

Economics

Other things being equal, an increase in the price of a good leads to an increase in the amount produced. This is known as

A. equilibrium. B. ceteris paribus. C. the law of demand. D. the law of supply.

Economics