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The production possibilities curve model shows us what?

When we described the production possibilities curve, how did we describe production that is not efficient using this model?

When we described the production possibilities curve, how did we describe production that is not efficient using this model?

Any influence on inflation and employment must be transmitted through either aggregate supply or aggregate demand. Addressing these outcomes is why we model the macro economy in this way.

Any influence on inflation and employment must be transmitted through either aggregate supply or aggregate demand. Addressing these outcomes is why we model the macro economy in this way.

Say the Environmental Protection Agency imposes regulations on polluting and now businesses must pay to dispose of waste. Which of the following happens?

What does a recessionary gap indicate about the economy?

How is the opportunity cost of government spending?

The minimum reserve ratio is controlled by

The minimum reserve ratio is controlled by