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Author Question: A production possibilities curve shows the combinations of products which can be produced in an ... (Read 38 times)

cagreen833

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on: Jun 30, 2018
A production possibilities curve shows the combinations of products which can be produced in an economy which is fully employing and efficiently using its productive resources.
 
  Indicate whether the statement is true or false

Question 2

The aggregate supply curve is a(n) ________ curve because it represents the relationship between price level and the quantity of real GDP supplied, two items that are ________ correlated.
 
  A) upward-sloping; positively
  B) vertical; not
  C) upward-sloping; negatively
  D) downward-sloping; negatively
  E) downward-sloping; positively


Briannahope

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

TRUE

Answer to Question 2

A


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