Better Short-Run Use of Current Capacity

question 15

Multiple Choice

Better short-run use of current capacity

• A)Moves the economy closer to the production possibilities curve,while long-run growth shifts that curve outward.
• B)Increases capacity,while long-run economic growth increases capacity utilization.
• C)Shifts the aggregate supply curve outward,while long-run economic growth moves the economy up the aggregate supply curve.

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Definitions:

Retirement Fund

A Retirement Fund is a pool of funds contributed by employees, employers, or both for the future financial security of retirees.

Withdrawals

The act of taking money out of an account which can affect the account balance and interest calculations.

Monthly Payments

Regular payments made every month, commonly associated with loans, mortgages, or subscription services.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.