A Reduction in the Level of Unemployment Would Have Which

question 95

Multiple Choice

A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?

• A) It would shift the curve to the right.
• B) It would shift the curve to the left.
• C) It would not shift the curve;it would be represented by moving from a point inside the curve toward the curve.
• D) It would not shift the curve;it would be represented by moving from a point on the curve to a point outside the curve.

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Definitions:

Charles II

The king of England, Scotland, and Ireland who reigned during the Restoration period after the English Civil War.

Navigation Laws

Regulations established by the British Parliament between the 1650s and the 1800s to control trade and bolster the maritime strength of Britain by restricting colonial trade to English ships.

Africans

Pertains to the people native to Africa, the second largest and second most-populous continent on earth.