Which of the following would shift an economy's production possibilities curve to the left?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
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Section: Chapter Questions
Problem 24CTQ: Macroeconomics is an aggregate of what happens at the Microeconomics level. Would it be possible for...
Question
Which of the following would shift an economy's production possibilities curve to the left?
Select one:
O a. the country discovers a new energy source
O b. the country experiences a major natural disaster affecting its capital goods
O. dramatic increases in economic growth
O d. an increase in the retirement age
O e. a major increase in the number of people in the labour force
Transcribed Image Text:Which of the following would shift an economy's production possibilities curve to the left? Select one: O a. the country discovers a new energy source O b. the country experiences a major natural disaster affecting its capital goods O. dramatic increases in economic growth O d. an increase in the retirement age O e. a major increase in the number of people in the labour force
Suppose that the following headlines appeared in a newspaper. Which would most clearly represent a
macroeconomic issue?
Select one:
O a. "Central Bank Raises Interest Rates"
O b. "United Workers Union to Strike April 15"
O ."Fanny's Freeze Dried Prunes to Lay Off 50 Workers"
Od. "Auto Dealership to Cut Prices"
Transcribed Image Text:Suppose that the following headlines appeared in a newspaper. Which would most clearly represent a macroeconomic issue? Select one: O a. "Central Bank Raises Interest Rates" O b. "United Workers Union to Strike April 15" O ."Fanny's Freeze Dried Prunes to Lay Off 50 Workers" Od. "Auto Dealership to Cut Prices"
Expert Solution
Step 1

PPC curve shift right wards means growth of resources and if it moves left then it means decline in growth of resources.

Macro economic issues are aggregate economic issues which affect the whole economy

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