The concavity or bowed-out shape of the production possibilities frontier is the result of

a. the law of downward-sloping demand.
b. the law of upward-sloping demand.
c. the principle of increasing cost.
d. complementarity in consumption.

c

Economics

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What is the key macroeconomic issue of the short run and what is the key macroeconomic issue of the long run?

What will be an ideal response?

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