Refer to Table 2-19. What is Betty's opportunity cost of making a statue?

Which of the following approaches should the Fed use if it experiences large lags and mistakes in monetary policy?

A. Discretionary policy B. An eclectic approach C. Fixed rules D. Fiscal policy

Assume a country produces two types of goods: manufactured goods and agricultural goods. When this country experiences economic growth, we know that

A) the production possibilities curve will shift inward. B) there will be movement along the curve toward more agricultural goods. C) there will be a movement along the curve toward more manufactured goods. D) the production possibilities curve will shift outward.