Technological change is represented on a macro production possibilities frontier (PPF) by a movement along the PPF.

Name: Technological change is represented on a macro production possibilities frontier (PPF) by a movement along the PPF.
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Question

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Technological change shifts the entire PPF outward, indicating an increase in the potential production of all goods and services. A movement along the PPF is caused by a change in the allocation of resources or a change in efficiency.

Technological Change Is Represented on a Macro Production Possibilities Frontier