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Reversing entries are linked to ____________________ and _____________ that were created by adjusting entries at the end of the prior accounting period.
answers listed above can appear in any order as shown
Production Possibilities Curve
A graphical representation showing the maximum quantity of goods and services that can be produced within a given set of resources and technology.
Efficiently
Achieving maximum productivity with minimum wasted effort or expense.
Economy's Capacity
The maximum level of output that an economy can sustain over a period of time without increasing inflation.
Bowed Outward
A description of a production possibility frontier that displays increasing opportunity costs as more of one good is produced.
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