Periods of less than full employment correspond to
A) points outside the ppf.
B) points underneath the ppf.
C) points on the ppf.
D) either points inside or outside the ppf.

Question

Quizplus · Accepted Answer

Points underneath the Production Possibility Frontier (PPF) represent periods of less than full employment because the economy is not utilizing all of its resources efficiently, leading to underproduction.

Periods of Less Than Full Employment Correspond to