Which of the Following Also Occurs as the Production Possibilities

question 19

Multiple Choice

Which of the following also occurs as the production possibilities curve shifts outward?

• A)Long-run aggregate supply increases.
• B)GDP per capita remains constant.
• C)Output decrease.

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a designated person or entity, at a determinable future time or on demand.

Revolving Line of Credit

A credit arrangement that allows a borrower to use, repay, and re-borrow funds up to a specified credit limit.

Intergovernmental Organization

An entity created by treaty, involving two or more nations, to work on issues of common interest or cooperation.

Money

A medium of exchange that allows the transfer of value, typically in the form of coins and banknotes.