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 sourceO b. the country experiences a major natural disaster affecting its capital goodsO. dramatic increases in economic growthO d. an increase in the retirement ageO 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 amacroeconomic 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"

Answered: Which of the following would shift an…

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

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section: Chapter Questions

Problem 1PA

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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

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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