An economy's production possibilities curve for a year is drawn ...

[cnetterville]

An economy's production possibilities curve for a year is drawn assuming:
 a. a fixed quantity of resources and technology that is changing along the curve.
  b. an unchanging level of technology and a changing quantity of resources.
 c. a fixed quantity of available resources and an unchanging level of technology.
  d. that the productivity of resources increases continually.

Question 2

The short run aggregate supply curve refers to a period in which input prices have not yet had time to adjust to changes in aggregate demand.
 a. True
  b. False
  Indicate whether the statement is true or false

[vish98]

Answer to Question 1

c

Answer to Question 2

True

[cnetterville]

Correct answers!

[vish98]

Great! Please up vote