A production possibilities curve shows the relationship between:
A) the price of a good and its quantity supplied.
B) the maximum production of one good for a given level of production of another good.
C) the different combinations of two inputs used to produce a given quantity of output.
D) the quantity of output produced and the amount of inputs required for the production of the output.
B
Economics
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Which of the following factors is not believed to affect output in the long run?
A) technology B) monetary policy C) the size of the labor force D) the capital stock
Economics
A completely and accurately anticipated expansionary monetary policy will increase real output in the short run but not in the long run
a. True b. False Indicate whether the statement is true or false
Economics