Reduce the level of household consumption spending

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Reference no: EM131389728

1. Which of the following will cause a country's production possibilities line to shift outward?

A. an increase in population B. technological progress C. a discovery of a new supply of resources D. all of the above

2. Which of the following would reduce the level of household consumption spending?

A. A reduction in personal income taxes. B. A stock market "crash" C. An increase in housing prices D. A reduction in interest rates

Reference no: EM131389728

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