lectur12-page39

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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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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