How can a country increase its production capacity (its ability to produce goods and services)? 1. By increasing its government spending 2. By increasing its resources (land, labor, machines, etc.) 3. By increasing its money supply 4. By shifting the production possibilities curve to the left

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter8: Productivity And Growth
Section: Chapter Questions
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How can a country increase its production
capacity (its ability to produce goods and
services)?
1. By increasing its government spending
2. By increasing its resources (land, labor,
machines, etc.)
3. By increasing its money supply
4. By shifting the production possibilities
curve to the left
Transcribed Image Text:How can a country increase its production capacity (its ability to produce goods and services)? 1. By increasing its government spending 2. By increasing its resources (land, labor, machines, etc.) 3. By increasing its money supply 4. By shifting the production possibilities curve to the left
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