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Author Question: Since resources are not equally substitutable across uses: a. the production possibilities curve ... (Read 134 times)

K@

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on: Jun 30, 2018
Since resources are not equally substitutable across uses:
 a. the production possibilities curve will be positively sloped.
  b. the production possibilities curve will be a straight line.
 c. the production possibilities curve will be bowed outward.
  d. the production possibilities curve will be bowed inward.

Question 2

The quantity of RGDP supplied will decrease in both the short run and long run when the price level falls.
 a. True
  b. False
  Indicate whether the statement is true or false


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ndhahbi

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


K@

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Reply 2 on: Jun 30, 2018
Excellent

mochi09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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