Tuesday, January 30, 2018

Unit One: Product Possibilities Curve

Product Possibilities Curve


Moments of the PPG:

  1. Inside of the curve:
    1. Underemployment
    2. Famine
    3. War
    4. Natural disasters
    5. Unemployment
    6. Recession
  1. Along the curve:
    1. Producing less of one product and more of another
  1. Shifts of the curve:
    1. Technology
    2. Economic growth
    3. Add resources
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1 comment:

  1. UnknownFebruary 4, 2018 at 4:37 PM

    if one starts inside the curve and is affected by a technological improvement during a recession and the recession continues is it possible for the point to move along the curve? or must it be either inside or outside?

    ReplyDelete

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