On a production possibilities diagram, points inside the frontier ...

[Yi-Chen]

On a production possibilities diagram, points inside the frontier are:
 a. unattainable given existing technology and resources.
  b. inefficient.
 c. efficient.
 d. efficient but not necessarily desirable.

Question 2

An unexpected increase in aggregate demand results in a decrease in real wages in the short run.
 a. True
  b. False
  Indicate whether the statement is true or false

[lin77x]

Answer to Question 1

b

Answer to Question 2

True

[Yi-Chen]

Thanks for the timely response, appreciate it

[tranoy]

TYSM