As a general rule, technological progress
A) shifts the production possibilities curve outward, away from the origin.
B) reduces the slope of the production possibilities curve, making it flatter.
C) increases the slope of the production possibilities curve, making it steeper.
D) shifts the production possibilities curve inward, toward the origin.

Question

Quizplus · Accepted Answer

Technological progress typically increases an economy's capacity to produce goods and services, which shifts the production possibilities curve outward, indicating growth in potential output.

As a General Rule, Technological Progress