What would each of these shifts represent for the economy? Over time, a production possibilities curve can shift. Explain what may cause the curve to shift outward (to the right) or inward (to the left). What would each of these shifts represent for the economy? How do...
Question: A. What are four things real GDP does NOT adjust for? B. List four ways that the PPF can be shifted outward. Product Possibility Frontier: Product Possibility Frontier. It is a graph that illustrates a combination of two goods and which ...