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Referring to a production possibilities curve and the good being compared, depict the economic event. The bubonic plague (black death) in the 1300's killed one-third
Referring to a production possibilities curve and the good being compared, depict the economic event. The bubonic plague (black death) in the 1300's killed one-third of Europe's population (capital goods vs. consumer good).
A. A movement from a point inside the curve to a point on or near the curve
B. A movement from a point on or near the curve to a point inside the curve
C. A shift in the entire curve to the right (outward)
D. A shift in the entire curve to the left (inward)
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