Unemployment, Growth & The Future

Unemployment, Growth and The Future

• The Great Depression

• Brazil, Italy, Russia, Japan, and France

• Resource Supplies

• Future Possibilities

Multiple Choice

What are the two major ways in which an economy can grow and push out its production possibilities curve?

• Better weather and nicer cars

• Higher taxes and lower spending

• Increases in resource supplies and advances in technology

• Decreases in scarcity and advances in auditing

• Lower taxes and government subsidies

Open Ended

Explain how economic growth and international trade increase consumption possibilities.