Which of the following would tend to increase aggregate demand, other things equal?
a. An increase in the money supply curve
b. A decrease in the money supply curve.
c. An increase in the money demand cuvre.
d. Both a. and c. would tend to increase aggregate demand, other things equal.
a
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Some time ago the government of China required many highly skilled technicians and scientists to engage in unskilled agricultural labor in order to develop "proper social attitudes." This policy probably caused China to produce
A) at an inappropriate point along its production possibilities frontier. B) outside its production possibilities frontier with respect to food, but inside with respect to high-technology goods. C) inside its production possibilities frontier with respect to food, but outside with respect to high-technology goods. D) inside its production possibilities frontier.