Increasing opportunity cost is represented by a ________ production possibilities frontier

Unlike discretionary fiscal policies, automatic stabilizers have a quick impact and therefore do not suffer from time lag

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

Which of the following lists of exchange-rate systems is arranged in proper historical order, from earliest to most current?

A. Bretton Woods system, gold standard, managed float. B. Gold standard, managed float, Bretton Woods system. C. Managed float, Bretton Woods system, gold standard. D. Gold standard, Bretton Woods system, managed float.