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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The economy was at point A producing 100X and 200Y. It then moves to point B where it produces 200X and 300Y. It follows that a. the economy has moved from one point on its PPF to another point on the same PPF. Ob the economy moved from an unattainable point to an attainable point. O the economy's PPF could have shifted inward and point A was a point on the economy's old PPF. Od. point A may have been a point below the economy's PPF, while point B may lie on the PPF.
The current performance of the South African economy shows that... O A. South Africa is operating on the PPF curve. B. South Africa is operating within the PPF curve. O C. South Africa is operating on beyond the PPF. O D. South Africa has a straight line PPF.
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