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This is all the information you need please describe the change and draw a PPF thank you Question 4. Assume that the US. currently produces
This is all the information you need please describe the change and draw a PPF thank you
Question 4. Assume that the US. currently produces two generic goods called consumer goods (goods used by households) and capital goods (goods used as inputs into the production process} The United, States went from an unemployment rate of around 3.8% in March 2020, to 13.4% unemployment in May 2020. a. Draw a PPF with the consumer goods on the vertical axis and capital goods on the horizontal axis. The PPF should illustrate increasing costs. b. Illustrate the change described above. Question 5. Consider an economy that produces two class of products called goods (tangible products) and services (intangible products). Assume that the country begins to invest in infrastructure, that is, sewers, roads, and public hospitals. 0. Draw a PPF with the consumer goods on the vertical axis and capital goods on the horizontal axis. The PPF should illustrate increasing costs. a. Illustrate the change described aboveStep by Step Solution
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