Question: A B PPF-1 PPF-2 Capital goods 1. The diagram above shows two PPF curves. Answer the following questions. (20 points) a. Which of the

A B PPF-1 PPF-2 Capital goods 1. The diagram above shows two

A B PPF-1 PPF-2 Capital goods 1. The diagram above shows two PPF curves. Answer the following questions. (20 points) a. Which of the two points on the PPF-1 will allow this economy to grow more quickly to reach PPF-2? Explain. (5pt) b. If the economy is operating at point A, what does this mean? (one sentence) (5pt) c. Assume at this point in time the economy is operating at point D, what does this mean? Describe two major changes in the economy that will help the economy move to point B. (5pt) d. What does it mean when the PPF is represented by a curve and not a straight line? (5pt)

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