The given statement is refuted. Massive unemployment does not decrease the capacity of economy to produce. So, there will be no shift of PPF. However, 1 economy will operate at some point inside the PPF, due to un utilisation of human resources.
Massive unemployment will shift the PPF to the left. Defend or refute.
Answers
Jay shri
The given statement is refuted. Massive unemployment does not decrease the capacity of economy to produce. So, there will be no shift of PPF. However, 1 economy will operate at some point inside the PPF, due to un utilisation of human resources.