If the Fed sells U.S. government securities, the
A. money supply increases, and the money supply curve shifts to the right.
B. money supply decreases, and the money supply curve shifts to the left.
C. money supply increases, and the money supply curve shifts to the left.
D. money supply decreases, and the money supply curve shifts to the right.
Answer: B
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What determines the position and shape of a society's production possibilities frontier?
a. the physical resources of that society b. the skills of the workforce c. the level of technology of the society d. the amount of factories in the society e. All of the above are correct.
During an economic downturn, consumers spend considerably less on goods and services. This results in layoffs that are classified as
A. Structural. B. Frictional. C. Seasonal. D. Cyclical.