An increase in the unemployment rate would be shown on a production possibilities curve by
A. shifting the entire curve outward.
B. shifting the entire curve inward.
C. moving from a point on or near the curve to a point closer to the origin, rather than shifting the entire curve.
D. moving from a point inside the curve to a point on the curve, rather than shifting the entire curve.
C. moving from a point on or near the curve to a point closer to the origin, rather than shifting the entire curve.
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A price ________ is a regulated ________ that must be set below the equilibrium price to have an effect
A) floor; price B) floor; quantity C) ceiling; price D) ceiling; quantity
What is rent seeking and how is it related to regulatory capture?
What will be an ideal response?
According to the new growth theory, economic growth will continue with
A. an increased focus on labor-intensive jobs. B. the development of new ideas. C. development of natural resources. D. increases in population growth.
If the required reserve ratio were 15 percent, the value of the monetary multiplier would be:
A. 5.50 B. 6.67 C. 7.32 D. 8.54