1- If an economy is producing on its production-possibilities curve, then producing more of one good implies shifting the curve toward the origin. * True False 2- Beirut's decision to control apartment rents is an example of Government intervention. * True False 3- The unemployment rate in Lebanon increased to 6.6 percent in the last year: this is a macroeconomic statement. *

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
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1- If an economy is producing on its production-possibilities curve, then
producing more of one good implies shifting the curve toward the origin. *
True
False
2- Beirut's decision to control apartment rents is an example of Government
intervention. *
True
False
3- The unemployment rate in Lebanon increased to 6.6 percent in the last year:
this is a macroeconomic statement.
True
False
Transcribed Image Text:1- If an economy is producing on its production-possibilities curve, then producing more of one good implies shifting the curve toward the origin. * True False 2- Beirut's decision to control apartment rents is an example of Government intervention. * True False 3- The unemployment rate in Lebanon increased to 6.6 percent in the last year: this is a macroeconomic statement. True False
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