Question
Production Possibilities Curve (PPC) and COVID-19 The COVID-19 pandemic has seriously impacted the U.S. economy. Using your knowledge of the PPC model, how can you
Production Possibilities Curve (PPC) and COVID-19
The COVID-19 pandemic has seriously impacted the U.S. economy. Using your knowledge of the PPC model, how can you depict the changes in the U.S. economy because of COVID-19?
For example:
1) Has there been any kind oftrade-off in the US economybecause of COVID-19?
Represent any trade-off you recognize on a PPC graph. Label your X and Y axes and other points clearly by naming two goods / services appropriate for your analysis.
AND / OR
2) Has there been any change in theUS economy's capacityto produce?
Represent any change in the US economy using a PPC graph. Clearly label the graph to indicate the change.
Write your answer in a word document and upload it in Canvas. Please upload two graphs as well.
Your description (analysis) must be between 150 and 200 words. (For example, all the words here are 159)
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