1) Both the production of goods and services and the unemployment rate are used to measure? A. Business cycle B. productivy C. the interest rate D.inflation
2. In a simple circular-flow diagram, who buys the factors of production?
A. households only B. firms only C. Both households and firms D.neither households or firms
3. A production possibilities frontier shifts outward when
a. The economy experiences economic growth
b. the desires of the economy's residents change
c. natural disasters occur
d. oppurity cost increases