Which of the following is definitely true if the production possibilities curve shifts outward?
A) Aggregate supply has increased.
B) Population has increased.
C) GDP per capita has increased.
D) Inflation has increaseD.
Correct Answer:
Verified
Q6: The production possibilities curve represents the:
A) Actual
Q7: If an economy moves from a point
Q8: To produce a combination of goods and
Q9: Long-run macroeconomic policy focuses on shifting the:
A)
Q10: Short-run economic growth comes from:
A) Expanding the
Q12: A major goal of short-run macroeconomic policy
Q13: When an economy experiences long-run growth there
Q14: Fiscal and monetary policies are used to
Q15: A sustained increase in total output is
Q16: The alternative combinations of goods and services
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