As the economy recovers from a recession, a decrease in the cyclical unemployment rate OA. shifts the PPF outward. OB. moves the economy from a point inside the PPF to a point closer to or on the PPF. OC. shifts the PPF inward. OD. moves the economy from a point on the PPF to a point inside the PPF. OE. moves the economy's point of production along the PPF.
As the economy recovers from a recession, a decrease in the cyclical unemployment rate OA. shifts the PPF outward. OB. moves the economy from a point inside the PPF to a point closer to or on the PPF. OC. shifts the PPF inward. OD. moves the economy from a point on the PPF to a point inside the PPF. OE. moves the economy's point of production along the PPF.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter9: Classical Macroeconomics And The Self Regulating Economy
Section: Chapter Questions
Problem 10QP
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Transcribed Image Text:As the economy recovers from a recession, a decrease in the cyclical unemployment rate
A. shifts the PPF outward.
OB. moves the economy from a point inside the PPF to a point closer to or on the PPF.
OC. shifts the PPF inward.
O D. moves the economy from a point on the PPF to a point inside the PPF.
OE. moves the economy's point of production along the PPF.
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