lectur12-page42

lectur12-page42 - produce additional ag. and non-ag...

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42 $Ag. $ Non-Ag. PPC 97 PPC 95 In this case, the economy invests heavily in productive capital so it is possible to have lots more Ag and Non-Ag consumer goods in the future. As the capital in excess of what is needed to maintain the economy begins to
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Unformatted text preview: produce additional ag. and non-ag commodities, the PPC curve for the dollar value of ag. and dollar value of non-ag. commodities shifts outward illustrating economic growth of the economy....
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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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