Economic growth will
A. be a movement from inside the productions possibilities curve to the curve itself.
B. shift the production possibilities curve inward.
C. shift the production possibilities curve outward.
D. shift along the production possibilities curve toward the X-axis.
Answer: C
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On the 45-degree line diagram, the 45-degree line shows points where real aggregate expenditure equals
A) nominal GDP. B) unplanned investment. C) real GDP. D) planned investment.
From the Monetarist perspective, the aggregate supply curve is
A) vertical. B) horizontal. C) sensitive to changes in the money supply. D) sensitive to changes in consumption.
Which of the following is most likely a fixed cost? a. Raw materials costs
b. Shipping charges. c. Property insurance premiums. d. Fuel costs for running the factory.
A stock split is most likely to occur when
What will be an ideal response?