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Khloe
Business
26 May, 21:16
When output increase, the PPC of the economy
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Kylan Bolton
26 May, 21:20
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Costs of production to firms will fall. Costs decrease, profits increase, so firms plan to produce more, therefore AS shifts right. As both the AD and AS curves shift outward (to the right), this will result in an increase in real output GDP which is economic growth.
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