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The movement from point R inside the frontier CD to point P on the frontier CD P

ID: 1236400 • Letter: T

Question

The movement from point R inside the frontier CD to point P on the frontier CD

Potential output remains unchanged. Potential output increases. Potential output decreases. Potential output could increase or decrease depending on what happens in the labor market.

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The movement from point R inside the frontier CD to point P on the frontier CD


  • will increase real RGDP.
  • will increase the size of the nation's labor force.
  • represents economic growth.
Answer
I only
I and II only
I and III only
I, II, and III

Explanation / Answer

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