5) If labor becomes more productive, the production possibilities frontier will A) remain constant, but output will

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5) If labor becomes more productive, the production possibilities frontier will

A) remain constant, but output will increase as unemployment falls.

B) shift to outward away from the origin.

C) shift to inward, toward the origin.

D) remain constant, but output will fall as less labor is needed to produce the same level of output.

Related Book For answer-question

Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Posted Date: Dec 11, 2022 07:40 AM

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5) If labor becomes more productive, the production possibilities frontier will A) remain constant, but output will

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Correct option is B When labor become more productive same amount of ... View the full answer

Macroeconomics Principles And Policy

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