Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 40, Problem 6MCQ
To determine
The correct option for a movement of a point from below PPC to the PPC curve.
Expert Solution & Answer
Answer to Problem 6MCQ
Option c is correct.
Explanation of Solution
Explanation for the correct option:
c.
Using PPC, long-run
Explanation for incorrect options:
a.
If a point is moved from below PPC to at the PPC, then it is showing increased efficiency.
b.
Economic expansion is shown if the point lies out of the PPC curve.
d.
Increased
e.
An economic recession occurs when the point has moved from the PPC curve to the point below the PPC curve.
Economics Concept Introduction
Production Possibilities Curve: The
Chapter 40 Solutions
Krugman's Economics For The Ap® Course
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