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Massive unemployment shifts the PPC to the
- a)Can’t say
- b)Right
- c)Left
- d)No effect
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc)...
Production is drawn on the basis that the given resources are fully as well as efficiently utilized. Massive unemployment is a situation when resources are not fully utilized. Or it is a situation of under employment. It would only mean that the economy is not operating on the PPC but some-what inside the PPC. Therefore PPC will not shift to leftward and so, there is no effect on PPC.
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Most Upvoted Answer
Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc)...
Shift the PPC inward (to the left).
This is because unemployed workers are a wasted resource that could have been contributing to the production of goods and services. With fewer workers, the economy's total output will be lower, causing a shift in the PPC to the left. Additionally, unemployed workers will have less income to spend, which can lead to a decrease in demand for goods and services, further reducing the economy's overall production capacity.
This is because unemployed workers are a wasted resource that could have been contributing to the production of goods and services. With fewer workers, the economy's total output will be lower, causing a shift in the PPC to the left. Additionally, unemployed workers will have less income to spend, which can lead to a decrease in demand for goods and services, further reducing the economy's overall production capacity.
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Community Answer
Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc)...
Massive unemployment means a situation of unutilised resources. PPC will not shift because resources remains constant(no decrease or no increase)
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Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc) Leftd) No effectCorrect answer is option 'D'. Can you explain this answer?
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Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc) Leftd) No effectCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc) Leftd) No effectCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc) Leftd) No effectCorrect answer is option 'D'. Can you explain this answer?.
Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc) Leftd) No effectCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc) Leftd) No effectCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Massive unemployment shifts the PPC to thea) Can’t sayb) Rightc) Leftd) No effectCorrect answer is option 'D'. Can you explain this answer?.
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