To produce a combination of goods and services beyond the current production possibilities curve,an economy must:
A) Use more of the available resources and technology.
B) Raise the prices of goods and services so that firms will produce more.
C) Find more resources or develop new technology.
D) Experience population growth.
Correct Answer:
Verified
Q3: Which of the following is definitely true
Q4: Long-run economic growth policies focus on:
A) Shifting
Q5: Long-run economic growth is consistent with:
A) Expanding
Q6: The production possibilities curve represents the:
A) Actual
Q7: If an economy moves from a point
Q9: Long-run macroeconomic policy focuses on shifting the:
A)
Q10: Short-run economic growth comes from:
A) Expanding the
Q11: Which of the following is definitely true
Q12: A major goal of short-run macroeconomic policy
Q13: When an economy experiences long-run growth there
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