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An Outward Shift in the Production Possibility Frontier Could Be

question 11

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An outward shift in the Production Possibility Frontier could be caused by:


Definitions:

Interest Rate

The percentage of a sum of money charged for its use.

Original Principal

The initial amount of money borrowed or invested before any interest or earnings are applied.

Interest

The cost of borrowing money or the payment received for the use of money, typically expressed as an annual percentage rate.

Original Principal

The initial amount of money borrowed or invested, not including any interest or earnings.

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