When the economy devotes more of its resources to investment goods, it must devote fewer resources to consumer goods.

An increase in investment combined with a decrease in education would have an indeterminate effect on both short run and long run aggregate supply

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

The production possibilities frontier assumes all of the following except

A) labor, capital, land and natural resources are fixed in quantity. B) the economy produces only two products. C) any level of the two products that the economy produces is currently possible. D) the level of technology is fixed and unchanging.