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Will economic growth necessarily involve a parallel outward shift of the production possibility curve?
Any time the PPC curve shifts outward it indicates economic growth, however reaching a point outside of an PPC can be reached by using trade.
Explain what shift the product possibility frontier outward and what shift is inward?
economic growth, will shift the PPF outward, because the income will increase.
What causes a PPC to shift?
Factors that effects PPC shift is:economic growth or disasterincrease or decrease of resourcestechnological changesEconomic growth:sources of economic growth is accumulation of capital and tehnological advances.PPC will shift outwards to the right.Disaster:a shift inwards and to the left.Increase in resources:PPC shift to the rightDecrease in resources @ loss:PPC shift to the left.Improvement in technology :New innovations or improved techniques.PPC shift outwards.
Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
Shifting of ppc?
The biggest reasons for a shift in the Production Possibilities Curve is new technology. Basically, if things can be done more efficiently (that is, with less resources than before), the curve shifts outward. Another way is by finding more of the resources used in the curve.
Will economic growth necessarily involve a parallel outward shift of the production possibility curve?
Any time the PPC curve shifts outward it indicates economic growth, however reaching a point outside of an PPC can be reached by using trade.
Explain what shift the product possibility frontier outward and what shift is inward?
economic growth, will shift the PPF outward, because the income will increase.
What causes a PPC to shift?
Factors that effects PPC shift is:economic growth or disasterincrease or decrease of resourcestechnological changesEconomic growth:sources of economic growth is accumulation of capital and tehnological advances.PPC will shift outwards to the right.Disaster:a shift inwards and to the left.Increase in resources:PPC shift to the rightDecrease in resources @ loss:PPC shift to the left.Improvement in technology :New innovations or improved techniques.PPC shift outwards.
Can massive unemployment shift the production possibility curve inward?
Massive unemployment will shift the PPC to the left because labour force remains underutilized. The economy will produce inside the PPC indicating underutilization of resources.
Shifting of ppc?
The biggest reasons for a shift in the Production Possibilities Curve is new technology. Basically, if things can be done more efficiently (that is, with less resources than before), the curve shifts outward. Another way is by finding more of the resources used in the curve.
How does PPC graph of unemployment looks like?
There is no shift in the PPC.Only a dot is marked within the curve(Not on the curve) in the exact center of the two axes.The shape of the PPC is concave to the origin.
An increase in technology will cause the production possibilities curve to?
shift outward
How inflation arises through an outward shift of an aggregate demand curve?
no
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
Increases in resources or improvements in technology will cause the production possibilities frontier to?
shift outward
Increases in resources or improvements in technology will tend to cause a society's production-possibilities curve to?
shift outward
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
