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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 36
Circle the letter that corresponds to the best answer. Which statement is true?
A) As our economy recovers from a recession, it moves closer to its production possibilities curve.
B) When an economy moves into a recession, it slides along its production possibilities curve.
C) We have never operated outside our production possibilities curve.
D) There is no way to represent a bad recession or a depression on a graph of the production possibilities curve.
A) As our economy recovers from a recession, it moves closer to its production possibilities curve.
B) When an economy moves into a recession, it slides along its production possibilities curve.
C) We have never operated outside our production possibilities curve.
D) There is no way to represent a bad recession or a depression on a graph of the production possibilities curve.
Explanation
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Macroeconomics 11th Edition by Stephen Slavin
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