The voices of business and industry are less likely to influence government policy than the voices of consumers in the high-growth Asian economies

In the four-part diagram used to construct the IS curve, the upper right-hand graph depicts

A) the IS curve. B) the relationship between the interest rate and autonomous planned spending. C) determination of real income by the saving function and the demand for autonomous planned spending function. D) none of the above.

When an economy is operating on its production possibilities curve, more production of one good means less production of another because:

a. resources are limited. b. resources are not perfectly adaptable to alternative uses. c. wants are limited. d. wants are unlimited. e. some resources are not employed.