A movement along today's production possibilities frontier that increases production of consumer goods and reduces production of capital goods would most likely lead to a faster rate of future economic growth
Indicate whether the statement is true or false
false
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In a demand-pull inflation, money wage rates rise because
A) a decrease in aggregate demand creates a labor shortage. B) an increase in aggregate demand creates a labor surplus. C) an increase in aggregate demand creates a labor shortage. D) a decrease in aggregate demand creates a labor surplus. E) an increase in aggregate supply creates a labor shortage.
Some market conditions make cartels MORE likely to succeed in collusion. Which of the following will make collusion more successful?
a. The products are heterogeneous b. The orders are small and frequent c. The firms are all about the same size d. Costs differ across the firms e. Firms are geographically widely scattered
A decrease in AS will trigger less inflation under which of the following conditions?
A. AD is relatively steep. B. AD is relatively flat. C. AS is relatively steep. D. AS is relatively flat.
A movement along a demand curve from one price-quantity combination to another is called a:
A. change in demand. B. change in quantity demanded. C. change in quantity supplied. D. shift in the demand curve.