An Inward Shift of the Production Possibilities Curve

question 27

Multiple Choice

An inward shift of the production possibilities curve

• A)represents an economic decline.
• B)means that the previous levels of production are now unobtainable except under unusual circumstances such as war.
• C)means that the economy can produce more of both goods.
• D)All of the choices are true.
• E)represents an economic decline AND means that the previous levels of production are now unobtainable except under unusual circumstances such as war.

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