Use the Table Below to Answer the Following Questions

question 106

Multiple Choice

Use the table below to answer the following questions.
Table 2.1.2
Production Possibilities

-Refer to Table 2.1.2. According to this production possibilities frontier,

• A)a combination of 6 kilograms of butter and 1 gun leaves some resources unused.
• B)a combination of 0 butter and 4 guns is attainable.
• C)resources are equally useful in all activities.
• D)the opportunity cost of producing guns increases as more guns are produced.
• E)the opportunity cost of producing guns decreases as more guns are produced.

Explain the effects of fiscal policies (such as tax cuts) on aggregate demand and supply.

Assess the relationship between central bank credibility, inflation, and economic outcomes.

Identify the short-term and long-term impacts of monetary policy decisions on inflation and unemployment.

Understand the perceived benefits of moderate inflation in economic systems, particularly in labor markets.

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