Refer to the information provided in Figure 2.5 below to answer the question(s) that follow. Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3.
B. -1.5.
C. -3.
D. -30.
Answer: B
Economics
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If decision makers adjust fully to demand stimulus policies, persistent expansionary macro-policy will lead to
a. inflation with no lasting reductions in unemployment. b. a permanent reduction in unemployment. c. lower interest rates. d. more rapid economic growth.
Economics
Last year real GDP per person in the imaginary nation of Olympus was 4,250 . The year before it was 4,100 . By about what percentage did Olympian real GDP per person grow during the period?
a. 1.6 percent b. 2.5 percent c. 3.7 percent d. 6 percent
Economics