An Increase in the Unemployment Rate Would Be Shown on a Production

question 42

Multiple Choice

An increase in the unemployment rate would be shown on a production possibilities curve by

• A)shifting the entire curve outward.
• B)shifting the entire curve inward.
• C)moving from a point on or near the curve to a point closer to the origin,rather than shifting the entire curve.
• D)moving from a point inside the curve to a point on or at least closer to,the curve,rather than shifting the entire curve.

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Definitions:

Planning

The process of defining objectives, deciding on strategies, and outlining tasks and schedules to achieve the desired outcomes.

Continuous Process

An ongoing operational process in manufacturing or production that is characterized by a constant output or continuous flow of products or materials.

Planning

The methodology of establishing objectives, formulating strategies, and detailing the tasks and timelines needed to achieve those objectives.

Springboard To Success

A metaphorical phrase indicating a situation, opportunity, or resource that significantly aids in achieving success.