Author Question: The table above shows a nation's production possibilities frontier. If the nation chooses to ... (Read 121 times)

CORALGRILL2014 · **on:** Jun 29, 2018

The table above shows a nation's production possibilities frontier. If the nation chooses to increase the production of robots from 2 to 3 and it is on its PPF, it will have to forgo ________ pizzas.

A) 34
B) 35.5
C) 3
D) 37
E) None of the above answers is correct.

Question 2

The velocity of circulation is defined as the

A) average number of times in a year that each dollar is used to buy goods and services.
B) price level obtained when the money market is at its equilibrium.
C) quantity of money demanded at equilibrium.
D) speed with which changes in the interest rate spread throughout the economy.
E) quantity of money supplied by the Fed.