An excess quantity of money demanded will lead to a rise in

Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?

a. Real personal income less transfer payments b. Wholesale prices of goods c. Real GDP d. Total unemployment e. Real interest rates

A production possibilities curve is negatively sloped because: a. the price of a good falls as you move down along the curve

b. resources are wasted as you move along the curve. c. it is not possible to adjust production decisions at all once an economy operates on the curve. d. once on the frontier, it is only possible to increase production of one good by reducing production of the other.