The law of increasing opportunity costs implies that: a. a ...

[cherise1989]

The law of increasing opportunity costs implies that:
 a. a production possibilities curve will be bowed inward toward the origin.
 b. a production possibilities curve will be bowed outward away from the origin.
  c. a production possibilities curve will be a straight line.
 d. a production possibilities curve will be upward sloping.

Question 2

When the price level falls, households and firms reduce their holdings of money, leading to a lower interest rate and an increase in borrowing and an increase in RGDP demanded.
 a. True
  b. False
  Indicate whether the statement is true or false

[Anton]

Answer to Question 1

b

Answer to Question 2

True

[cherise1989]

TYSM

[Dominic]

Excellent