What impact would a change that shifts an economy's production possibilities curve outward have on the long
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What impact would a change that shifts an economy's production possibilities curve outward have on the long run aggregate supply curve? How have improvements in computer technology affected production possibilities and the long run aggregate supply curve? Explain.
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An outward shift of PPC implies greater output of goods This will shift the LRAS to the ...View the full answer
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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