The natural rate of unemployment is impervious to economic policy

When an economy is operating on its production possibilities curve, more production of one good means less production of another because:

a. resources are limited. b. resources are not perfectly adaptable to alternative uses. c. wants are limited. d. wants are unlimited. e. some resources are not employed.

Average physical product measures the output per unit of input

a. True b. False Indicate whether the statement is true or false