Which of the following movements on a Production Possibilities Graph would represent economic growth for a nation? O A an inward shift of the entire production possibilities curve B. an outward shift of the entire production possibilities curve O C. a movement from a point inside the curve to a point on the curve O D. a movement from a point on the curve to a point inside the curve

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter8: Productivity And Growth
Section: Chapter Questions
Problem 1.2P
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Which of the following movements on a Production Possibilities Graph would represent economic growth for a nation?
O A. an inward shift of the entire production possibilities curve
B. an outward shift of the entire production possibilities curve
O C. a movement from a point inside the curve to a point on the curve
O D. a movement from a point on the curve to a point inside the curve
b
m
Transcribed Image Text:Which of the following movements on a Production Possibilities Graph would represent economic growth for a nation? O A. an inward shift of the entire production possibilities curve B. an outward shift of the entire production possibilities curve O C. a movement from a point inside the curve to a point on the curve O D. a movement from a point on the curve to a point inside the curve b m
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