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27-12-2022
Business

Answered

The economy is currently on its production possibilities frontier (PPF). A politician says that it is possible to get more of everything---more infrastructure, more schools, more national defense, more spending on social programs, and so on. The politician is
A - correct if he is assuming a rightward-shifting PPF
B - incorrect if he is assuming a rightward-shifting PPF
C - incorrect if he is assuming a PPF that does not change
D - correct if he is assuming a PPF that does not change
E - a and c

Answer :

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