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From course:

Economics A Level

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Question:

How can a PPF show Economic Growth -Show both Types: Short and Long

Author: go kys



Answer:

-SHORT Term in the PPF is a Movement from Point A to Point B where the PPF still reamins the Same [No Movement] -LONG Term in the PPF is when the Capacity of the Economy Increases - causing an Outward Shift to the PPF


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-SHORT Term in the PPF is a Movement from Point A to Point B where the PPF still reamins the Same [No Movement]
-LONG Term in the PPF is when the Capacity of the Economy Increases - causing an Outward Shift to the PPF
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go kys
go kys