Which of the following is true if an economy is producing inside its production possibilities curve?

A) There are not enough resources available to reach the curve. B) More output can be produced with existing resources. C) The available technology is limiting the level of production. D) The economy is producing the maximum potential output.

19. Which of the following will cause the aggregate supply curve to shift to the left? (

A) a lower tax rate B) deregulation of production processes C) a higher minimum wage D) more job and skills training

20 .Refer to the Production Possibilities 1 figure. Expansionary monetary and fiscal policies, designed to achieve short-run economic growth, would move the economy from point (

A) D to point E. B) A to point B or point C. C) B to point C or point D. D) C to point B.

Production Possibilities 1 D B Investment Goods . C E Consumption Goods