Answer to Question 1
A production point beyond the production possibilities frontier is an unattainable combination of products.
Answer to Question 2
Demand-pull inflation starts from an initial increase in aggregate demand. But if this increase is a one-time only event, the result is a higher price level but not inflation. For inflation to occur, aggregate demand needs to continue to increase. Continuing increases in the quantity of money result in continuing increases in aggregate demand, so monetary growth is necessary for a demand-pull inflation.
The Cardiac Landmarks. A = Aortic Area; P = Pulmonic Area; E = Erb’s Point; T = Tri
Two-point linear perspective.
A Production Function with Diminishing Marginal Product of Capital
Two-point discrimination
Structures of Voice Production
Summary of the effects on transcription levels of different point mutations