Business, 06.09.2019 21:30 01222002

The production possibilities curve:
a. shows all of those levels of production that are consistent with a stable price level.
b. indicates that any combination of goods lying outside the curve is economically inefficient.
c. is a frontier between all combinations of two goods that can be produced and those combinations that cannot be produced.
d. shows all of those combinations of two goods that are most preferred by society.

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The production possibilities curve:
a. shows all of those levels of production that are cons...