Efficient production can be carried out anywhere on or below the production possibilities frontier
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When aggregate economic activity is declining, the economy is said to be in
A) a contraction. B) an expansion. C) a trough. D) a turning point.
Economics
Aggregate demand will shift outward when there is/are
a. a decrease in government spending b. a decrease in incomes abroad c. a tax increase d. consumers deciding to buy more goods and services, even if prices remain unchanged e. the expectation that future income will fall
Economics