Economic growth appears on a production possibilities curve as
A) the curve shifting out away from the origin.
B) the curve shifting in toward the origin.
C) a change in the slope of the curve.
D) the points outside the production possibilities curve.
A
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What is the opportunity cost of your college degree?
What will be an ideal response?
The MFC curve
A) lies below the labor supply curve, when the labor supply curve is upward sloping. B) lies above the labor supply curve, when the labor supply curve is upward sloping. C) is the labor supply curve. D) is parallel to the labor supply curve, when the labor supply curve is downward sloping.
Raising the discount rate is: a. an expansionary policy because it raises the ratio of excess to total reserves in the banking system
b. a contractionary policy on the part of the member banks of the Fed because it raises the firms' costs of borrowing from them. c. a contractionary policy on the part of the Fed because it raises the commercial banks' cost of borrowing from it. d. an expansionary policy on the part of the member banks of the Fed because it raises their profits relative to those of the nonmember banks. e. an expansionary policy on the part of the Fed because increasing the interest rates that the banks are allowed to charge will increase their willingness to make loans.
In the early 1990s, which nation took the lead in driving up European interest rates?
A) Spain B) France C) Germany D) England E) none of the above