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1. An economy's production possibilities

1) The long run growth rate of the economy is consistent with:a.An outward expansion the economy's production possibilities
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2. asked by Julia
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Describe the adjustments in the production possibilities curves in each of the following situations for the United States
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2. asked by Jen
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Refer to Figure 2-6. Consider the production possibilities frontier for an economy that produces only sofas and cars. The
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2. asked by unknown 2.0
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Question 1 (1.00 points)Cost-push inflation: a. is caused by excessive total spending. b. shifts the nation's production
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2. asked by njabulo
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1. An economy's production possibilities frontier is also its consumption possibilities frontier.a. under all circumstances b.
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2. asked by Eric
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It is possible for an economy to increase its production of computers and, at the same time, to increase its production of cars
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2. asked by elizabeth
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Which of the following is not shown on a production possibilities curve?the opportunity cost of a decision to produce more of
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The domestic economy's consumption possibilities curve can be greater than the domestic economy's production possibilities
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2. asked by Molly
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In the absence of trade, a country's consumption possibilities aremore than its domestic production possibilities. equal to its
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2. asked by MacEc
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A production possibilities frontier showsGroup of answer choices The maximum possible output of an economy. Under-utilization of
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