Friday, January 15, 2016

UNIT 1 1/7/16

What causes the PPC/PPF to shift?

  1. Technological changes
  2. Economic growth
  3. Change in resource
  4. Change in the labor force
  5. Natural disasters/war/famine( when people are hunger and there is no food)
  6. More education and training 

*EX Economic Growth—Long Run <ul><li>Over time an economy can grow </li></ul><ul><ul><li>More labor and capital </li></ul></ul...
Economic Growth–Short Run <ul><li>Consider an economy at point A </li></ul><ul><ul><li>Recession </li></ul></ul><ul><ul><l...


FOR MORE HELP GO TO
http://www.slideshare.net/mrtopf11/ppf-powerpoint 
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