2.7 Economic Growth

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By the end of this unit you should be able to:
  • Use a PPC curve to explain how movement from a point inside a PPC curve to a point on a PPC curve illustrates economic growth
  • Use a PPC curve to explain how an outwards shift in a PPC curve illustrates economic growth
  • Use an LRAS diagram to explain how an outwards shift in the LRAS curve illustrates growth