In some cases, the government can intervene in the market when the equilibrium price is too high or low. For example, a price ceiling is a legal maximum price that can be charged in a particular marke
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In 2008, the world entered the worst recession since the Great Depression of the 1930s. Of course, many people lost their jobs and houses while…
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Any point inside a production possibilities curve gives what indication about the subject economy?

That it is efficient

That unemployment is decreasing

That production levels are increasing

That it is inefficient

KM
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