If the economy is producing at point D, the opportunity cost of shifting resources from consumer goods to gain 6 capital goods is _______ consumer goods.

Hypothetical Production Schedule for a Two-Product Economy

Answer: 9

Economics

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Refer to Figure 17-9. A follower of the new classical macroeconomics would argue that ________ like that pursued by Paul Volcker in 1979, would result in a movement from C to A

A) expansionary fiscal policy B) expansionary monetary policy C) contractionary monetary policy D) contractionary fiscal policy

Economics

The demand for labor is likely to decrease if

a. there is a rise in the demand for the good it produces b. the price of a complementary input falls c. the price of a substitute input rises d. there is a decline in the demand for the good it produces e. there is an increase in the number of firms in the market

Economics