EBK PRINCIPLES OF MACROECONOMICS
EBK PRINCIPLES OF MACROECONOMICS
8th Edition
ISBN: 8220103611855
Author: Mankiw
Publisher: Cengage Learning US
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Chapter 23, Problem 4CQQ
To determine

Why theargument is not related to maintaining positive inflation rate.

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'producing more goods and services lowers environmental quality' is not the correct answer.
A movement along an economy's production possibility frontier with output on one axis and environmental quality on the other shows that: technological improvements may lead to a sustainable economy with higher consumption in the future and better an improved environment. producing more goods and services lowers environmental quality. producing more goods and services raises environmental quality. a high use of natural resources to produce more goods and services today may lead to an unsustainable economy with lower consumption in the future.
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