A depreciating currency makes foreign inputs cheaper and shifts the aggregate supply curve outward

Economic decline (negative growth) is represented on a production possibilities frontier model by the production possibility frontier

A) shifting inward. B) becoming flatter. C) shifting outward. D) becoming steeper.

Suppose the market clearing price is $15 and the price ceiling is $17. The price that prevails in the market will be

A) $17. B) $15. C) less than $15. D) more than $17.