A PPF can
A) shift outward but not inward.
B) shift inward but not outward.
C) shift inward or outward.
D) shift neither inward nor outward.
C
Economics
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Refer to Table 8-12. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The base year used in calculating real GDP is
A) 2013. B) 2014. C) 2015. D) 2016.
Economics
When a monopolistically competitive firm is in long-run equilibrium:
A. P = MC = ATC. B. MR = MC and minimum ATC > P. C. MR > MC and P = minimum ATC. D. MR = MC and P > minimum ATC.
Economics