The economy was at point A producing 100X and 200Y. It then moves to point B where it produces 200X and 300Y. It follows a. the economy has moved from one point on its PPF to another point on the same PPF. Ob the economy moved from an unattainable point to an attainable point. O c. the economy's PPF could have shifted inward and point A was a point on the economy's old PPF. Od. point A may have been a point below the economy's PPF, while point B may lie on the PPF.
The economy was at point A producing 100X and 200Y. It then moves to point B where it produces 200X and 300Y. It follows a. the economy has moved from one point on its PPF to another point on the same PPF. Ob the economy moved from an unattainable point to an attainable point. O c. the economy's PPF could have shifted inward and point A was a point on the economy's old PPF. Od. point A may have been a point below the economy's PPF, while point B may lie on the PPF.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter9: Classical Macroeconomics And The Self Regulating Economy
Section: Chapter Questions
Problem 10QP
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