A PPF can
A) shift outward but not inward.
B) shift inward but not outward.
C) shift inward or outward.
D) shift neither inward nor outward.
C
You might also like to view...
A country undertakes a revaluation in order to
A) decrease its net exports. B) move to a flexible exchange rate system. C) lower the value at which its currency is pegged. D) increase its net exports.
The ratio of the prices of two goods multiplied by -1 is equal to the slope of the budget line
a. True b. False
What is the essence of the problem of timeliness with fiscal policy?
A. Often there is not enough time to spend all of the money that fiscal policies have authorized. B. If fiscal policy is enacted too quickly, it might not be very well thought out. C. In order for fiscal policy to have an impact and prevent a recession, it needs to happen very quickly. D. The government's budget calendar is very strict and fiscal policy can only be done at certain times in the year.
Discouraged workers are discouraged because
A. they are working part-time, but they want full-time work. B. they don't have jobs and are pessimistic about their chances of finding a suitable job. C. their employers are too demanding. D. their employers continue to underpay them.