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1 For the economy shown in Exhibit 2.5 to operate at point C, it must: be willing to lower the price of grain. use its
1 For the economy shown in Exhibit 2.5 to operate at point C, it must: be willing to lower the price of grain. use its given resources more efficiently than it would at point A. experience underemployment. experience an increase in its resources and/or an improvement in its technology
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
