Consider a production possibilities frontier with corn on the vertical axis and cars on the horizontal. Unusually good weather for growing corn shifts
A) the horizontal intercept rightward and the vertical intercept upward.
B) the horizontal intercept rightward but does not shift the vertical intercept.
C) the vertical intercept upward but does not shift the horizontal intercept.
D) neither the horizontal intercept nor the vertical intercept.
C
Economics
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Which is likely to be larger, the velocity of M1 or M2?
a. M1, because M2 is a larger number. b. M2, because M1 is a larger number. c. The velocities of both are approximately equal. d. The numbers of velocity switch in relative size.
Economics
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflagnation. C. stagnatory growth. D. inflationary stagnation.
Economics