Economic growth can be illustrated by:
a. a movement along the production possibilities curve.
b. a movement from a point on the production possibilities curve to a point inside the production possibilities curve.
c. an inward shift of the production possibilities curve.
d. an outward shift of the production possibilities curve.
Question 2
The real wealth effect is one reason for the negative slope of the aggregate demand curve.
a. True
b. False
Indicate whether the statement is true or false
