Author Question: On a production possibilities diagram, points inside the frontier are: a. unattainable given ... (Read 37 times)

Yi-Chen · **on:** Jun 30, 2018

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