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Author Question: What are the factors that can cause a shift in the production possibilities ... (Read 63 times)

lracut11

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on: Jun 30, 2018
What are the factors that can cause a shift in the production possibilities curve?

Question 2

Aggregate demand includes:
 a. the demand for intermediate goods and final goods.
 b. all monetary and nonmonetary transactions.
 c. the demand for investment, including stocks, bonds, and gold.
  d. the demand for final goods and services.


Joy Chen

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Advancement in technology, improvements in labor productivity, or new sources of natural resources could lead to outward shifts of the production possibilities curve.

Answer to Question 2

d


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