The only way that an economy can increase its rate of consumption in the long run is by increasing the amount that it produces

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

Suppose Albania is exporting product B, and experienced economic growth biased in favor of product B as seen in the figure above. We are also told that Albania's new consumption point is at point d

Would you still consider the economic growth, which took place biased in favor of B? If Albania were a large country how would this growth affect its terms of trade?

Economics

The federal funds rate is determined in a market and targeted by the Fed

a. True b. False

Economics