Assume the economy moves from a situation with full employment to one in which the unemployment rate is higher. This can be portrayed as:
A) an inward shift of the production possibilities curve.
B) an outward shift of the production possibilities curve.
C) a movement from a point inside the production possibilities curve to a point closer to the production possibilities curve.
D) a movement from a point on the production possibilities curve to a point inside the production possibilities curve.
Correct Answer:
Verified
Q109: Which of the following would be likely
Q110: An increase in the unemployment rate from
Q111: A production possibilities curve that is "bowed
Q112: Which of the following would mostly likely
Q113: Is increased capital spending the only way
Q115: Economic growth can be illustrated by:
A)a movement
Q116: Exhibit 3-12 Q117: A technological advance that increases the productivity Q118: The bowed production possibilities curve represents: Q119: Exhibit 3-10 ![]()
A)constant opportunity![]()
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