A decrease in the unemployment rate from 21 percent to 17 percent can be illustrated as:
A) an inward shift of the production possibilities curve.
B) an outward shift of the production possibilities curve.
C) a movement down and to the right along the production possibilities curve.
D) a movement from a point inside the production possibilities curve to a point closer to the production possibilities curve.
Correct Answer:
Verified
Q98: Exhibit 3-9 Q99: Exhibit 3-7 Q100: Exhibit 3-7 Q101: When more resources in an economy are Q102: Exhibit 3-10 Q104: Which of the following will not shift Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
![]()
![]()