To achieve large and lasting increases in output,
A)The production possibilities curve must shift outward.
B)The production possibilities curve must shift inward.
C)We must move to a point along the production possibilities curve.

Question

Quizplus · Accepted Answer

The production possibilities curve shifting outward means that the economy's potential to produce goods and services has increased, indicating that there has been an increase in resources, technology, or both. This would lead to the possibility of producing more goods and services, resulting in large and lasting increases in output.

To Achieve Large and Lasting Increases in Output