Answer:
What does a production possibilities curve represent?
The Production Possibilities Curve (PPC) is a model used to show the tradeoffs associated with allocating resources between the production of two goods. The PPC can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions.
Which of the following statements are true?
Full employment is a macroeconomic goal.
Answer:
Full employment is a macroeconomic goal.
Inflation is a rise in the prices of goods and services.
Explanation: