If there is unemployment in an economy, then the
A) economy is operating at an unattainable point.
B) production possibilities frontier will shift inwards.
C) production possibilities frontier must be bowed inward.
D) economy is producing at a point inside the production possibilities frontier.
E) production possibilities frontier will shift outwards.
D
Economics
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A shortage exists in a market if a. there is an excess supply of the good
b. quantity supplied exceeds quantity demanded. c. the current price is below its equilibrium price. d. All of the above are correct.
Economics
If a lump-sum tax of $40 billion is levied at each level of income and the MPC is 0.75, then the saving schedule will shift:
A. Upward by $10 billion B. Upward by $25 billion C. Downward by $10 billion D. Downward by $25 billion
Economics