A bowed production possibilities curve is consistent with
A) a decreasing opportunity cost.
B) a technologically inefficient society.
C) the overutilization of productive resources.
D) highly specialized resources.
Answer: D
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Which of the following is a bank liability?
a. cash in the vault b. loans made to customers c. money market deposit accounts d. bank computers e. All of the above are correct.
Based on this graph, which of the following are the key components of a contractionary monetary policy?
a. Price level increases; real gross domestic product increases; aggregate demand increases.
b. Price level decreases; real gross domestic product increases; aggregate demand increases.
c. Price level decreases; real gross domestic product decreases; aggregate demand decreases.
d. Price level increases; real gross domestic product decreases; aggregate demand decreases.