Which of the following would result in a movement along the production possibilities curve?
A) a fall in the unemployment rate
B) growth in the capital stock
C) population growth
D) a change in the outputs of two goods that a society chooses to produce
D
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Between 1981 and 1986, as the federal budget deficit increased,
A. consumption spending fell. B. investment spending was crowded out. C. net exports increased. D. net exports were crowded out.
Which of the following does not include an economic downturn?
a. Contraction b. Depression c. Recession d. Expansion
Suppose that there are only two countries, the U.S. and Japan. If real interest rates rise in Japan, which of the following is NOT true?
A) More Japanese yen will be supplied in exchange for dollars. B) More U.S. dollars will be supplied in exchange for yen. C) The volume of yen traded will increase. D) Japanese borrowers will be worse off.
An area that is rising significantly in cost is:
a. Health care b. Home appliances and electronics c. College tuition d. both a and c are correct