________ shows that if all resources are fully and efficiently utilized, more of one good can be produced only by producing less of another good

If every household in Trinidad received an international grant of $50,000 to spend on household appliances, its

a. aggregate supply curve would shift to the right b. aggregate supply curve would shift to the left c. price level would rise causing a movement up along its aggregate demand curve d. aggregate demand curve would shift to the left e. aggregate demand curve would shift to the right

According to Keynes's absolute income hypothesis, if Record Swap store manager Brenda Nielsen and pop singer Madonna were each given $1,000,

a. Madonna would likely spend less of the $1,000 on consumption than Brenda b. Madonna would likely spend more of the $1,000 on consumption than Brenda c. Madonna and Brenda would spend equal amounts of the $1,000 on consumption d. Madonna and Brenda would save equal amounts over their lifetimes e. Neither Madonna nor Brenda would save any of the $1,000