If the aggregate supply curve is horizontal,
A. there are unemployed resources.
B. the economy is inside the production possibilities frontier.
C. it is possible to increase output, without driving up prices, by putting unemployed resources to work.
D. All of the choices are correct.
D. All of the choices are correct.
Economics
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A consumer's budget refers to the:
A) wealth she has acquired over time. B) prices of the goods she buys. C) amount of money she can spend on various goods and services. D) difference between the consumer's income and expenditure.
Economics
Economists define “efficiency” as the absence of waste.
Answer the following statement true (T) or false (F)
Economics