If a firm experiences positive technological change, it is able to produce more output using the same inputs

Refer to Figure 2-2. Suppose Mendonca is currently producing 60 pounds of vegetables per period. How much meat is it also producing, assuming that resources are fully utilized?

A) 45 pounds of meat B) 75 pounds of meat C) 80 pounds of meat D) 100 pounds of meat

Tax smoothing is intended to ________

A) reduce income inequality B) avoid fluctuations in the ratio of the government deficit to GDP C) shift the burden from current taxpayers onto future generations D) keep the tax wedge from shrinking