Excess reserves that are voluntarily held by institutions are called:

Because the process can increase average wages, collective bargaining increases the well-being of all workers.

a. true b. false

The attainable production points on a production possibilities curve are

A) the horizontal and vertical intercepts. B) the points outside the area enclosed by the production possibilities frontier. C) the points along the production possibilities frontier. D) the points along and inside the production possibility frontier.