Capital Goods (thousands of units) Figure 2-3 PPF2 Consumer Goods (thousands of units) Refer to Figure 2-3. If the economy is operating at PPF1, a shift to PPF2 may depict a. a decrease in resources. Ob. a simultaneous decrease in both resources and technology. Oc economic growth. O d. a decrease in technology.

Capital Goods (thousands of units) Figure 2-3 PPF2 Consumer Goods (thousands of units) Refer to Figure 2-3. If the economy is operating at PPF1, a shift to PPF2 may depict a. a decrease in resources. Ob. a simultaneous decrease in both resources and technology. Oc economic growth. O d. a decrease in technology.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 1.2P

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