The Federal Reserve System was founded in

Why does the production possibilities frontier have a bowed out shape rather than being a straight line?

What will be an ideal response?

Refer to Figure 13-1. Ceteris paribus, an increase in firms' expectations of the future profitability of investment spending would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.