To move along a production possibilities curve from one point to another requires additional resources
Indicate whether the statement is true or false
F
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As a result of slow economic growth in 2011, many companies including Cisco Systems, Lockheed Martin, and Cracker Barrel Old Country Store cut production and employment as a result of the sluggish growth in the total amount of spending in the economy. The total amount of spending in the economy is known as
a. equilibrium spending. b. deficit spending. c. aggregate expenditure. d. planned investment spending.
Cartels are not stable because it is in the interest of each of the members to ________ beyond what is in the cartel's general interest.
A. lower prices B. reduce production C. raise production D. raise prices
If a country wants to keep its exchange rate fixed, it must
A) allow its currency value to vary with market supply and demand in foreign exchange markets. B) be a member of the IMF. C) vary the amount of its national currency supplied at any given exchange rate in foreign exchange markets when necessary. D) eliminate its foreign exchange reserves.
Proponents and opponents of balanced-budget policies agree that the government debt cannot continue to increase forever
a. True b. False Indicate whether the statement is true or false