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If there is a recession, it will shift the country’s PPC to the
- a)No effect
- b)Left
- c)Right
- d)Can’t say
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
If there is a recession, it will shift the country’s PPC to thea...
During a recession (where all resources are not being utilized), then a movement out to the production possibility curve has no real opportunity cost.
Most Upvoted Answer
If there is a recession, it will shift the country’s PPC to thea...
Into an economic downturn, leading to decreased consumer spending, job losses, and a decline in overall economic growth. This can have significant implications for various sectors such as manufacturing, retail, and services. Additionally, government revenue may shrink, resulting in reduced public spending on infrastructure, healthcare, and education. The financial market may also experience volatility, with stock markets experiencing declines and investors becoming more cautious. Overall, a recession can have far-reaching effects on the country's economy and its citizens' standard of living.
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If there is a recession, it will shift the country’s PPC to thea) No effectb) Leftc) Rightd) Can’t sayCorrect answer is option 'A'. Can you explain this answer?
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