Are all points inside the production possibilities frontier unattainable?
What will be an ideal response?
No, all points within the production possibilities frontier are attainable, though there are unemployed or misallocated resources at these points.
Economics
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If real GDP is greater than potential GDP, then to restore equilibrium, ________ and the price level ________
A) the aggregate supply curve shifts rightward; falls B) the aggregate demand curve shifts leftward; rises C) the aggregate supply curve shifts leftward; rises D) the aggregate demand curve shifts rightward; falls E) potential GDP increases; falls
Economics
When a home builder decides to computerize all of its production schedule, it directly answers the ________ question
A) for whom B) what C) where D) how E) why
Economics