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Economics
Tutor: None Selected Time limit: 1 Day

With economic growth and more machines and equipment produced, what happens to the PPF curve?

Aug 7th, 2015

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Improved economic growth , and more machines is a result of improved technology and production efficience. It causes two possible shifts

       1.Shifts outwards .

        2. Shifts to the right.

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Aug 7th, 2015

The outward shift is as a result of increase in production,owing to technological advancement.

Right shift is due to increased production of capital goods, in this case machines and equipments.

Aug 7th, 2015

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