The process through which an economy's production possibilities curve shifts outward is:
a. full-employment management. b. investment.
c. resource renewal. d. out-resourcing.
b
Economics
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Exhibit 11-2 Labor and output data Labor Output 0 0 1 20 2 45 3 80 4 100 5 110 In Exhibit 11-2, if product price is fixed at $5, the MRP of the third worker is equal to:
A. $35. B. $125. C. $80. D. $175.
Economics
When actual output equals potential output and the inflation rate is equal to the expected rate of inflation, the economy is said to be in ________ equilibrium.
A. recessionary B. long-run C. expansionary D. short-run
Economics