Inefficiency is best illustrated by which of the following?
a. foregoing civilian goods in order to produce more military goods
b. limiting economic growth by reducing capital spending
c. high levels of unemployment of labor and other resources that could be productively employed
d. producing outside the production possibilities frontier
c
Economics
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A rise in the price level ________ the buying power of money and ________ the quantity of real GDP demanded
A) does not affect; does not change B) raises; decreases C) does not affect; increases D) lowers; decreases E) lowers; increases
Economics
Explain how the purchases of used goods and of financial assets affect GDP
What will be an ideal response?
Economics