In 1943-1945
A. there was substantial unemployment in the U.S.
B. there was substantial excess plant and equipment in the U.S.
C. the U.S. had not yet completed its recovery from the depression.
D. the U.S. was temporarily operating at a point beyond the production possibilities frontier.
D. the U.S. was temporarily operating at a point beyond the production possibilities
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Which of the following types of goods are rival in consumption?
a. private goods and club goods b. private goods and common resources c. public goods and club goods d. public goods and common resources
According to the simple quantity theory of money in the AD-AS framework, when the money supply decreases, the __________ curve shifts to the __________
A) AD; left B) AD; right C) AS; left D) AS; right