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Author Question: An economy's production possibilities curve for a year is drawn assuming: a. a fixed quantity of ... (Read 83 times)

cnetterville

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on: Jun 30, 2018
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


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vish98

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


cnetterville

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Reply #2 on: Jun 30, 2018
Correct answers!


vish98

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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