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Figure: Consumer and Capital Goods
-(Figure: Consumer and Capital Goods) Look at the figure Consumer and Capital Goods. The movement from curve 1 to curve 2 indicates:
A)economic growth.
B)a change from unemployment to full employment.
C)a decrease in the level of technology.
D)instability.

Question

Use the following to answer questions:
Figure: Consumer and Capital Goods 
-(Figure: Consumer and Capital Goods) Look at the figure Consumer and Capital Goods. The movement from curve 1 to curve 2 indicates:
A)economic growth. 
B)a change from unemployment to full employment. 
C)a decrease in the level of technology. 
D)instability.

Quizplus · Accepted Answer

The movement from curve 1 to curve 2 indicates economic growth, as there is an increase in the production of both consumer and capital goods.

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