Which of the following would be likely to expand a production possibilities curve?
A)a decrease in unemployment
B)a decrease in price levels
C)an increase in price levels
D)none of the above

Question

Which of the following would be likely to expand a production possibilities curve?
A)​a decrease in unemployment
B)​a decrease in price levels
C)​an increase in price levels
D)​none of the above

Quizplus · Accepted Answer

A production possibilities curve expands when there is an increase in resources or technology, not merely changes in unemployment or price levels.

Which of the Following Would Be Likely to Expand a Production