A Decrease in Unemployment Causes the PPF to Shift Outward

question 153

True/False

A decrease in unemployment causes the PPF to shift outward (to the right).

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Definitions:

Sales Units

The quantity of items or services sold by a business within a specific period.

Quick Ratio

A measure of a company's ability to meet its short-term obligations using its most liquid assets.

Current Portion

The part of long-term debt that is due within the next 12 months.

Long-Term Debt

Financial obligations of a business that are due for repayment in more than one year, such as bonds, mortgages, and long-term loans.