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Over time, college tuition has gone up both absolutely [it costs more dollars) and relatively (it consumes a larger and larger portion of our income).

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Over time, college tuition has gone up both absolutely [it costs more dollars) and relatively (it consumes a larger and larger portion of our income). Many people believe that in an economy that has become as productive as the U.S. economy, college tuition should be more reasonable. Consider society's production possibilities curve for college education and \"all other goods\" to evaluate the claim that economic growth should reduce college tuition. Assume that over time technological advances have been greater for the production of \"all other goods\" than they have been in the production of a college education. To answer this question you will probably want to rst think about how economic growth affects the production possibilities curve more generally

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