The ________ production points on a production possibilities frontier are the points along and inside the production possibilities frontier
A) productively efficient B) allocatively efficient
C) attainable D) unattainable
C
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A __________ discount rate makes it __________ advantageous to sell securities to obtain additional reserves
A) higher; less B) lower; more C) higher; more D) None of the above.
Along the long-run aggregate supply curve, the price level ____ with increases in aggregate demand
a. does not change b. increases c. decreases slightly d. decreases dramatically
Government demand-management policies that are used to try to increase the equilibrium level of output in the economy are known as
a. expansionary policies. b. fiscal dividends. c. output policies. d. laissez-faire policies.
The gains from trade rely on overall productivity (absolute advantage)
Indicate whether the statement is true or false