An inward shift of the production possibilities curve
A. represents an economic decline.
B. means that the previous levels of production are now unobtainable except under unusual circumstances such as war.
C. means that the economy can produce more of both goods.
D. represents an economic decline AND means that the previous levels of production are now unobtainable except under unusual circumstances such as war.
D. represents an economic decline AND means that the previous levels of production are now unobtainable except under unusual circumstances such as war.
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In the market for Canadian dollars measured in US dollars, the supply of Canadian dollars is
a. The demand for Canadian dollars b. The demand for US Dollars c. The supply of US dollars d. None of the above
Macroeconomics is the branch of economics that studies economic aggregates for the economy as a whole
a. True b. False Indicate whether the statement is true or false