dwright23033 dwright23033
  • 14-08-2018
  • Business
contestada

when output increase, the PPC of the economy

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CorDarion
CorDarion CorDarion
  • 17-08-2018

Costs of production to firms will fall. Costs decrease, profits increase, so firms plan to produce more, therefore AS shifts right. As both the AD and AS curves shift outward (to the right), this will result in an increase in real output GDP which is economic growth.

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