Advanced Placement (AP), 06.12.2021 16:20 VamPL
A. What does a point on the PPC curve represent in terms of resource use?
b. What would a point inside of the ppc curve (to the left) represent in terms of resource use?
c. What would a point outside of the PPC curve represent in terms of resource use?
d. How are a ppc curve and a Long Run Aggregate supply curve similar?
e. How do we show permanent economic growth or contraction on a PPC model?
Answers: 1
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A. What does a point on the PPC curve represent in terms of resource use?
b. What would a point in...
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