A point outside the production possibilities curve represents a combination of goods that is
a. inefficient.
b. efficient.
c. unattainable.
d. attainable.
C
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Labor force participation is similar for males ages 25-64 with different levels of education completed
Indicate whether the statement is true or false
A depreciation of the U.S. dollar
A) makes U.S. exports more expensive in terms of foreign currency and imports less expensive in terms of the dollar, increasing net exports. B) makes U.S. exports less expensive in terms of foreign currency and imports more expensive in terms of the dollar, increasing net exports. C) makes U.S. exports less expensive in terms of foreign currency and imports more expensive in terms of the dollar, decreasing net exports. D) makes U.S. exports more expensive in terms of foreign currency and imports less expensive in terms of the dollar, decreasing net exports.
__________________ is attained when the maximum possible output of any one good is produced, given the output of other goods.
A. Productive efficiency B. Economic growth C. Opportunity cost D. Employment discrimination
Suppose the growth rate of the money supply is 5% per year and the velocity of money is constant. In this case:
A. the difference between inflation and the real growth rate must be 5%. B. inflation and the real growth rate must both be 5%. C. the sum of inflation and the real growth rate must be 5%. D. neither the inflation rate nor the real growth rate can exceed 5%.