A belief that high-tech companies would be highly profitable led to the boom in Internet companies in the 1990s, which is known as a(n):

If society leaves some of its resources unemployed, then it will be operating at a point:

a. beneath its production possibilities curve. b. at a corner of its production possibilities curve. c. anywhere along its production possibilities curve. d. outside of its production possibilities curve.

Proponents of zero inflation argue that a successful program to reduce inflation

a. eventually reduces inflation expectations. b. eventually raises real interest rates. c. permanently decreases output. d. permanently raises unemployment.