Author Question: The concavity (bowed-out shape) of the production possibilities curve is the result of: a. the law ... (Read 96 times)

asmith134 · **on:** Jun 30, 2018

The concavity (bowed-out shape) of the production possibilities curve is the result of:
a. the law of demand.
b. the law of supply.
c. the law of increasing opportunity cost.
d. complementarily in consumption.

Question 2

Which of the following statements is true with regard to the Fed's response to the economic crisis of 2008?
a. Although the Fed lowered its interest rates to nearly zero, there are other actions it can take to improve the economy.
b. Because the Fed lowered its interest rates to nearly zero, there are no other actions it can take to improve the economy.
c. Since the Fed did not lower its interest rates to near zero, there are still other actions it can take to improve the economy.
d. none of the above