If the money supply is held constant, an increase in the velocity of money would cause the AD curve to

As we increase the production of computers, we find that we must give up larger and larger amounts of DVD players per computer

A) This situation illustrates increasing opportunity cost. B) As a result, we should specialize in the production of DVD players. C) The production possibilities frontier for computers and DVD players is a straight line. D) DVD players will be more highly regarded by consumers than computers.

If GDP is currently $13 trillion and is growing at a rate of 2.3% per year, how long will it take GDP to reach $26 trillion?

A) about 15 years B) about 17 years C) about 25 years D) about 30 years