Author Question: Assume a country produces two types of goods: manufactured goods and agricultural goods. When this ... (Read 237 times)

chandani · **on:** Jun 30, 2018

Assume a country produces two types of goods: manufactured goods and agricultural goods. When this country experiences economic growth, we know that

A) the production possibilities curve will shift inward.
B) there will be movement along the curve toward more agricultural goods.
C) there will be a movement along the curve toward more manufactured goods.
D) the production possibilities curve will shift outward.

Question 2

Which of the following does NOT affect the long-run aggregate supply curve?

A) technology B) endowments of resources
C) price level D) production possibilities curve