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Refer to the Accompanying Graph

Question 103

Multiple Choice

Refer to the accompanying graph. If the production possibilities curve of an economy shifts from AB to CD, it is most likely caused by which of the following factors? A) a decrease in the price level B) allocative efficiency C) technological progress D) full employment of resources Refer to the accompanying graph. If the production possibilities curve of an economy shifts from AB to CD, it is most likely caused by which of the following factors?


A) a decrease in the price level
B) allocative efficiency
C) technological progress
D) full employment of resources

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