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lectur12-page39 - wear out the economy will contract The...

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39 $Ag. $ Non-Ag. PPC 95 PPC 97 If the investment in capital is less than the depreciation of capital, the PPC could shift inward. Due to the economy not producing enough capital goods to replace those that
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Unformatted text preview: wear out, the economy will contract. The PPC curve will shift inward toward the origin....
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