Diagrams - PRODUCTION POSSIBILITY DIAGRAMS Flashcards
1
Q
Production possibility frontier - macroeconomy
A
2
Q
Outward shift in production possibility frontier – balanced economic growth
A
3
Q
Increase in production possibility where change in technology affects the output of capital goods but not the output of consumer goods; Point W currently unattainable
A
4
Q
Impact of war on production possibility frontier
A
