If resources are better suited toward the production of one good than toward another good, then the PPF for those two goods is

If real GDP and the velocity of circulation do not change and the quantity of money grows by 3 percent, then in the long the inflation rate is

A) 0 percent. B) 3 percent. C) larger than 3 percent. D) -3 percent. E) More information is needed to answer the question.

One In the News article titled, "News Release: Disposable Income and Outlays: February 2017" says that personal income increased $44 billion, or 0.31 percent, in February 2017, and consumers are likely to spend more if

A. Interest rates increase. B. Taxes increase. C. Saving increases. D. Income increases.