The recession of 2007-2009 would most likely be represented in a production possibilities frontier graph by

A) a point on the frontier.
B) a point inside the frontier.
C) a point outside the frontier.
D) an intercept on either the vertical or the horizontal axis.

B

Economics

You might also like to view...

The central bank is the only authorized institution with the power to issue currency

Indicate whether the statement is true or false

Economics

To motivate line employees and keep them interested in their work, supervisors may institute any of the following BUT

a. job specialization b. job rotation c. mentoring d. four day work weeks

Economics