The total amount of money the government owes to its creditors is known as ________

Any movement along the production possibilities frontier involves the production of

a. more of both goods b. more of one good and less of the other c. less of both goods d. more resources e. better technology

Assume the marginal propensity to consume (MPC) is 0.75 and the government cuts taxes by $250 billion. The aggregate demand curve will shift to the:

a. right by $1,000 billion. b. right by $750 billion. c. left by $1,000 billion. d. left by $750 billion.