How the long-run economic growth and short-term fluctuations using PPC can be represented.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 40, Problem 1CYU

To determine

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Expert Solution & Answer

Explanation of Solution

By using PPC, long-run economic growth can be shown by representing the outward shift in the curve. The short-run fluctuations are different from the long-run aspects. Thus, it can be shown within the PPC curve or below the PPC curve.

For instance, the PPC curve shown below is showing a rightward shift in the production possibilities in the long run as a firm can produce more coconuts and more fish now.

Krugman's Economics For The Ap® Course, Chapter 40, Problem 1CYU

Graph 1

Economics Concept Introduction

Production Possibilities Curve: The production possibility curve refers to the curve that represents the possible production of two products that requires similar resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 2

Question

Chapter 40, Problem 1CYU

To determine

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Expert Solution & Answer

Explanation of Solution

By using PPC, long-run economic growth can be shown by representing the outward shift in the curve. The short-run fluctuations are different from the long-run aspects. Thus, it can be shown within the PPC curve or below the PPC curve.

For instance, the PPC curve shown below is showing a rightward shift in the production possibilities in the long run as a firm can produce more coconuts and more fish now.

Krugman's Economics For The Ap® Course, Chapter 40, Problem 1CYU

Graph 1

Economics Concept Introduction

Production Possibilities Curve: The production possibility curve refers to the curve that represents the possible production of two products that requires similar resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 40, Problem 1CYU

To determine

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Expert Solution & Answer

Explanation of Solution

By using PPC, long-run economic growth can be shown by representing the outward shift in the curve. The short-run fluctuations are different from the long-run aspects. Thus, it can be shown within the PPC curve or below the PPC curve.

For instance, the PPC curve shown below is showing a rightward shift in the production possibilities in the long run as a firm can produce more coconuts and more fish now.

Krugman's Economics For The Ap® Course, Chapter 40, Problem 1CYU

Graph 1

Economics Concept Introduction

Production Possibilities Curve: The production possibility curve refers to the curve that represents the possible production of two products that requires similar resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 40, Problem 1CYU

To determine

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Expert Solution & Answer

Explanation of Solution

By using PPC, long-run economic growth can be shown by representing the outward shift in the curve. The short-run fluctuations are different from the long-run aspects. Thus, it can be shown within the PPC curve or below the PPC curve.

For instance, the PPC curve shown below is showing a rightward shift in the production possibilities in the long run as a firm can produce more coconuts and more fish now.

Krugman's Economics For The Ap® Course, Chapter 40, Problem 1CYU

Graph 1

Economics Concept Introduction

Production Possibilities Curve: The production possibility curve refers to the curve that represents the possible production of two products that requires similar resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 40, Problem 1CYU

To determine

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Expert Solution & Answer

Explanation of Solution

By using PPC, long-run economic growth can be shown by representing the outward shift in the curve. The short-run fluctuations are different from the long-run aspects. Thus, it can be shown within the PPC curve or below the PPC curve.

For instance, the PPC curve shown below is showing a rightward shift in the production possibilities in the long run as a firm can produce more coconuts and more fish now.

Krugman's Economics For The Ap® Course, Chapter 40, Problem 1CYU

Graph 1

Economics Concept Introduction

Production Possibilities Curve: The production possibility curve refers to the curve that represents the possible production of two products that requires similar resources.

Answer 6

Chapter 40, Problem 1CYU

To determine

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Expert Solution & Answer

Explanation of Solution

By using PPC, long-run economic growth can be shown by representing the outward shift in the curve. The short-run fluctuations are different from the long-run aspects. Thus, it can be shown within the PPC curve or below the PPC curve.

For instance, the PPC curve shown below is showing a rightward shift in the production possibilities in the long run as a firm can produce more coconuts and more fish now.

Krugman's Economics For The Ap® Course, Chapter 40, Problem 1CYU

Graph 1

Economics Concept Introduction

Production Possibilities Curve: The production possibility curve refers to the curve that represents the possible production of two products that requires similar resources.

Answer 7

Chapter 40, Problem 1CYU

To determine

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Answer 8

Expert Solution & Answer

Explanation of Solution

By using PPC, long-run economic growth can be shown by representing the outward shift in the curve. The short-run fluctuations are different from the long-run aspects. Thus, it can be shown within the PPC curve or below the PPC curve.

For instance, the PPC curve shown below is showing a rightward shift in the production possibilities in the long run as a firm can produce more coconuts and more fish now.

Krugman's Economics For The Ap® Course, Chapter 40, Problem 1CYU

Graph 1

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Economics Concept Introduction

Production Possibilities Curve: The production possibility curve refers to the curve that represents the possible production of two products that requires similar resources.

Answer 12

Ch. 40 - Prob. 1CYU Ch. 40 - Prob. 2CYU Ch. 40 - Prob. 1MCQ Ch. 40 - Prob. 2MCQ Ch. 40 - Prob. 3MCQ Ch. 40 - Prob. 4MCQ Ch. 40 - Prob. 5MCQ Ch. 40 - Prob. 6MCQ Ch. 40 - Prob. 7MCQ Ch. 40 - Prob. 1FRQ

How the long-run economic growth and short-term fluctuations using PPC can be represented.

How the long-run economic growth and short-term fluctuations using PPC can be represented.

Explanation of Solution

Want to see more full solutions like this?

Chapter 40 Solutions