How will a decrease in technology from a natural disaster such as a hurricane, ceteris paribus, affect an economy's production possibilities curve?
A. Result in a movement from inside the curve to a point on the curve.
B. Shift the curve inward.
C. Result in a movement along the curve.
D. Shift the curve outward.
Answer: B
Economics
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Which of the following would indicate that the dollar amount being analyzed is money?
a. M1 money stock of $1.4 trillion at the end of 2010 b. Microsoft profits of $500 billion in 2010 c. The first quarter of 2002 d. Nominal GDP in 2010 of $14.7 trillion
Economics
Refer to the information provided in Table 24.2 below to answer the question(s) that follow. Table 24.2
Refer to Table 24.2. The equilibrium level of output is ________ billion.
A. $1000 B. $1,500 C. $2,000 D. $2,500
Economics