Demand-pull inflation is most likely to occur during a period of

The principle that "as one input increases while the other inputs are held fixed, output increases at a decreasing rate" is known as the

A) marginal principle. B) principle of diminishing returns. C) principle of opportunity cost. D) spillover principle.

The above figure shows a nation's production function. Point B is

A) unattainable. B) attainable if the nation uses resources inefficiently. C) attainable if the nation uses resources efficiently. D) the maximum amount of real GDP the nation can ever produce. E) Both answers C and D are correct.