A country experiences a fait in unemployment. How would this be shown on a PPC diagram
a)A movement of the production point away from the curve
b) A movement of the production point towards the curve
c)A shift of the PPC to the left
d) Ashift of the PPC to the right
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Explanation:
If there is unemployment, resources will not be utilized upto it's potential. When production is below it's potential due to unemployment, it would mean that the concerned economy is operating inside the PPC curve. There will be no shift in the PPC since resources and technology is same.
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