Author Question: Point D in the above PPF figure is A) an attainable production combination with unemployed ... (Read 49 times)

michelleunicorn

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Point D in the above PPF figure is
 
  A) an attainable production combination with unemployed resources.
  B) a production combination that can be attained once resources are fully employed.
  C) an unattainable production combination.
  D) a tradeoff.
  E) More information is needed to determine which of the above answers is correct.

Question 2

Autonomous expenditure is the component of
 
  A) induced expenditure that changes when in real GDP changes.
  B) aggregate planned expenditure that changes only when government expenditure on goods and services change.
  C) aggregate expenditure that does not change when real GDP changes.
  D) aggregate expenditure that does not change when the interest rate changes.
  E) aggregate expenditure that changes when real GDP changes.



wergv

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Answer to Question 1

C

Answer to Question 2

C



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