Examlex
Which of the following statements is false?
Unemployed Resources
Factors of production that are not currently being used to their full potential.
Production Possibilities Frontier
A curve depicting the maximum feasible amounts of two different goods that can be produced with available resources and technology.
Aggregate Supply Curve
A graphical representation showing the total supply of goods and services that firms in an economy are willing and able to produce at different price levels.
Maximum Output Level
The highest quantity of goods or services an economy or enterprise can produce using its current resources and technology.
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