Periods of less than full employment corresponds to _________________ ?
Correct answer: D. points inside the production possibility curve.
- A. points outside the production possibility curve
- B. either points inside or outside the production possibility curve.
- C. points on the production possibility curve
- D. points inside the production possibility curve.
Explanation
Less than full employment means that available resources are not being fully used, so production is below its possible maximum. Such a situation is represented by a point inside the production possibility curve.
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