Determine whether each of the following would cause the economys PPF to shift inward, outward, or not
Question:
Determine whether each of the following would cause the economy’s PPF to shift inward, outward, or not at all:
a. An increase in average length of annual vacations
b. An increase in immigration
c. A decrease in the average retirement age
d. The migration of skilled workers to other countries
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Related Book For
Macroeconomics A Contemporary Introduction
ISBN: 9781305505490
11th Edition
Authors: William A. McEachern
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