Posted by Molly on Friday, April 11, 2008 at 4:27am.
One reason is the ability to borrow; we can consume more domestic and foreign goods today at the expense of consuming less tomorrow.
Another reason is inventory buildups. We made goods than we consumed yesterday. So today, we can consume more today than we produce today.
Related Questions
Economics - why with international trade, the domestic economy's consumption...
econ - Suppose the country of Maverick has specialized in the production of a ...
social studies - Our economy ______ operates on its production possibility curve...
economics - how does production possibilities curve illustrate how efficent an ...
Economics - How does a production possibilities curve illustrate how efficient ...
principles of macroeconomics - It is possible for an economy to increase its ...
Economics - 1) The long run growth rate of the economy is consistent with: a.An ...
macroeconomics - Referring to the table in question 10, suppose improvement ...
Macroeconomics - Here are my answers and i wanted to check if they were correct ...
microeconomics - Describe the adjustments in the production possibilities curves...
For Further Reading
