Multiple Choice
An increase in the unemployment rate from 15 percent to 20 percent might be illustrated as:
A) a movement up and to the left from one point along the production possibilities curve to another.
B) a movement from a point on the production possibilities curve to an interior point.
C) a movement from an interior point to a point on the production possibilities curve.
D) a movement from a point interior to the production possibilities curve to one closer to the origin.
Correct Answer:
Verified
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