The production possibilities curve has:
A. a positive slope that increases as we move along it from left to right.
B. a negative slope that increases as we move along it from left to right.
C. a negative slope that decreases as we move along it from left to right.
D. a negative slope that is constant as we move along it from left to right.
Answer: B
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In a market with positive externalities, the market equilibrium quantity maximizes the welfare of society as a whole
a. True b. False Indicate whether the statement is true or false
In the long run, a decrease in the money supply growth rate
a. shifts the short-run Phillips curve left so inflation returns to its original rate. b. shifts the short-run Phillips curve left so unemployment returns to its natural rate. c. Both A and B are correct. d. None of the above is correct.