Over time, an increase in a nation's stock of physical capital will
a. shift the production possibilities curve inward.
b. cause an economy to operate inside its production possibilities curve.
c. shift the production possibilities curve outward.
d. eliminate the basic economic problem of scarcity.
C
Economics
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The Keynesian perspective focuses on the demand-side of the economy;
What will be an ideal response?
Economics
In Figure 11.1, a decrease in the marginal propensity to consume is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.
Economics