If population is expanding at a faster rate than a country's real output is expanding:
a. real per capita output would increase
b. real per capita output would decrease.
c. the production possibilities curve for the country as a whole will be shifting outward.
d. both (b) and (c) would be true.
d
Economics
You might also like to view...
The idea that consumers will not consistently discount the future over time is known as ________
A) intertemporal choice B) tertiary inversion C) hyperbolic discounting D) antediluvian Machiavellianism
Economics
Suppose the Fed bought $150 million of U.S. securities from security dealers. The reserve requirement is 20 percent, and there are no initial excess reserves. A few weeks later, if the public's holdings of currency are constant and the banks have loaned all excess reserves, the money supply will increase by:
a. $150 million. b. $300 million. c. $600 million. d. $750 million.
Economics