If a nation devotes a larger share of its current production to consumption goods, then
A) it must produce at a point within its PPF.
B) its economic growth will slow down.
C) some productive factors will become unemployed.
D) its PPF will shift inward.
E) its PPF will shift outward.
B
Economics
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After the 1982 recession, the U.S. and world economies entered into a long period
a. of high unemployment rates. b. high inflation rates. c. that has become known as the "Great Moderation.". d. that has become known as the "Great Recession.".
Economics
Refer to the diagram where curves (a) through (e) are Lorenz curves for five different countries. Income is equally distributed in:
A. none of the countries shown.
B. country b.
C. countries a and e.
D. country a.
Economics