REFER TO THE ABOVE PRODUCTION POSSIBILITIES CURVES. CURVE (A) IS T...

122.Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. The movement from curve (a) to curve (b) suggests:a movement from unemployment to full employment.→ an improvement in capital goods technology but not in consumer goods technology.an improvement in consumer goods technology but not in capital goods technology.a decline in the total output of this society. AACSB: AnalyticBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Topic: Unemployment, growth, and the futureMultiple Choice Question