Which of the following would mostly likely shift the production possibilities curve in an outward direction?
a. a decrease in the current rate of unemployment
b. a movement along the curve sacrificing capital goods for consumption goods
c. an increase in the price of goods and services
d. advances in medicine that reduce the incidence of disease and lengthen productive life spans
d
Economics
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Why did the Bretton Woods system ultimately break down?
a. The refusal of OPEC countries to accept payment for oil in gold. b. The refusal of surplus countries to devalue as required by law. c. An inability to devalue the U.S. dollar despite chronic payments deficits. d. An inability to adequately measure balance of payments surpluses and deficits.
Economics
Open-market operations have their initial effect on bank
A. lending. B. reserves. C. profits. D. revenues.
Economics