Economic growth is the expansion of production

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Reference no: EM131424869

All of the following statements are correct except? _______.

A. economic growth is the expansion of production possibilities

B. the return to full employment in an expansion phase of the business cycle is economic growth

C. a return to full employment in a business cycle expansion is shown as a movement from inside the PPF to a point on the PPF

D. real GDP increases when the economy is returning to full employment in an expansion phase of the business cycle.

Reference no: EM131424869

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