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An Increase in the Labour Force Shifts the Production Possibility

question 55

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An increase in the labour force shifts the production possibility frontier inwards over time.


Definitions:

Denominator

The bottom part of a fraction that tells into how many equal parts the whole is divided.

Simplify

To simplify a mathematical expression to its most basic form.

Expression

A mathematical phrase that can include numbers, variables, and operation symbols but does not have an equality sign.

Rationalize

The process of eliminating radicals from the denominator of a fraction or complex numbers from the denominator.

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