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Author Question: The law of increasing opportunity costs implies that: a. a production possibilities curve will be ... (Read 68 times)

cherise1989

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on: Jun 30, 2018
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


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Anton

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

b

Answer to Question 2

True


cherise1989

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Reply 2 on: Jun 30, 2018
Gracias!

Zebsrer

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Reply 3 on: Yesterday
:D TYSM

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