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THE ECONOMIC PROBLEM A n s w e r s t o t h e R e v i e w Q u i z z e s Page 32

THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

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Page 1: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

THE ECONOMIC

PROBLEM

A n s w e r s t o t h e R e v i e w Q u i z z e s

Page 32

Page 2: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

2 CHAPTE R 2

Page 35

Page 37

Page 3: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

Page 41

Page 4: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

4 CHAPTE R 2

Page 43

Page 5: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

Answers to Study Plan Problems and Applications

Page 6: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

6 CHAPTE R 2

Page 7: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 8: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

8 CHAPTE R 2

Page 9: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 10: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

1 0 CHAPTE R 2

Page 11: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 12: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

1 2 CHAPTE R 2

Page 13: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 14: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

1 4 CHAPTE R 2

Answers to Additional Problems and Applications

Page 15: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 16: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

1 6 CHAPTE R 2

Page 17: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 18: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

1 8 CHAPTE R 2

Page 19: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 20: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

2 0 CHAPTE R 2

Page 21: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation
Page 22: THE ECONOMIC PROBLEM · Economic growth shifts the PPI; outward. Persistent outward shifts in the production possibility frontier— economic growth—are caused by the accumulation

2 2 CHAPTE R 2