Every year, the government of Yuki’s country invests in physical capital. As a result, the country’s production possibilities curve ______.
a. is rendered obsolete
b. is unaffected
c. shifts downward
d. shifts outward
d. shifts outward
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In listing both the amount and cost of Wal-Mart's 2014 sales, this Application is addressing the economic concept of
A) chain-weighted indexes. B) value added. C) real versus nominal GDP. D) GDP as a measure of welfare.
Refer to the table above. What is the total cost incurred per month if Ryan rents Apartment 5?
A) $2,150 B) $2,270 C) $2,400 D) $2,265
In the Keynesian theory of labor supply, price expectations are based
a. only on the future behavior of the price level. b. on the past, present, and future behavior of the price level. c. on the present behavior of the price level. d. on the past behavior of the price level.
According to the simple circular flow concept, whenever planned investment is less than planned saving
a. inventories accumulate. b. output increases. c. prices rise. d. employment increases.