A movement from point C to point B in Figure 17.5 illustrates
A. The short-run opportunity cost of achieving long-run economic growth.
B. An increase in the unemployment rate.
C. A decreased capacity to produce.
D. An unattainable combination of consumption and investment goods.
Answer: A
Economics
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Karl Marx published:
a. Das Kapital. b. General Theory of Communism. c. The Wealth of Nations. d. Capitalist Manifesto.
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Which of the following defines a recession?
a. Real GDP is increasing. b. Real GDP is decreasing. c. Real GDP is below its full employment level. d. Unemployment is unusually low. e. Employment growth is positive.
Economics