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Question

2. Points inside the macroeconomic PPF

a. represent unemployed inputs.

b. correspond to quantities of real GDP less than potential GDP.

c. represent short-run choices.

d. are all of the above.

Answer

d. are all of the above.

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The points inside the macroeconomic PPF represent unemployed inputs, correspond to quantities of real GDP less than potential GDP, and represent short-run choices...