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In this task, you will combine what you found for unemployment data in Task 1 with what you learned in the tutorial about Production Possibility Curves to create a PPC. On the graph below, sketch a hypothetical Production Possibility Curve. Use your interpretation of the current unemployment data to place a point on the graph that represents where the US economy might currently be in terms of its output of goods and services [For instance, you may ask: How might the country be allocating its resources (to produce the goods referenced on the graph axes)? And: Is it operating within, on, or outside of its PPC?].

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Answer:

show what you have done in Task one

User Luigi Siri
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