Disinflation occurs when
A. the rate of inflation rises.
B. the rate of inflation declines.
C. the price level declines.
D. the price level stays the same.
B. the rate of inflation declines.
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Which statement is true?
A. On the production possibilities frontier, 85 percent of capital is employed. B. If we moved closer to the origin and further away from the production possibilities frontier, unemployment would increase. C. To have economic growth, we must push the production possibilities frontier outward. D. All of the statements are true.
Which of the following was not one of the reasons that a Big Push might be necessary?
a. finding foreign markets for export b. indivisibility of investments c. long gestation period of investments d. lack of local entrepreneurs e. none of the above were reasons for a Big Push
Charging firms that emit pollutants is one way to deal with pollution
a. True b. False Indicate whether the statement is true or false
The job protection argument states that trade restrictions are needed to prevent the loss of jobS in domestic industries.
a. true b. false