Which of the following statements is correct?
A) An increase in productivity moves the economy from inside the production possibilities frontier to the frontier itself.
B) A reduction in unemployment shifts the entire production possibilities frontier outward.
C) An increase in unemployment shifts the economy from a point outside the production possibilities frontier back to the production possibilities frontier.
D) An increase in productivity shifts the economy from producing at a point on the production possibilities frontier to a point outside the production possibilities frontier.
E) An increase in unemployment shifts the economy further inside its production possibilities frontier.
E
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In the figure above, the shift in the supply of loanable funds curve from SLF1 to SLF2 could be the result of
A) an increase in expected rate of profit. B) a decrease in disposable income. C) an increase in expected future disposable income. D) an increase in the real interest rate. E) a decrease in wealth
Nominal GDP in a country was $8759.9 billion in 2014 and $9254.6 billion in 2015. The GDP deflator was 102.86 for 2014 and 104.37 for 2015
(a) What is the growth rate of nominal GDP between 2014 and 2015? (b) What is the inflation rate from 2014 to 2015? (c) What is the growth rate of real GDP from 2014 to 2015?