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13 July, 03:28

Where is unemployment such that employment is below the full-employment level plotted on a production possibilities frontier?'?

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  1. 13 July, 03:41
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    Such employment would fall outside the production possibilities curve as the values plotted on that curve would be the minimum unemployment levels. The usual figure to use is % unemployment so most likely the differing levels shown would be for unemployment ie 10% above the curve and say 5 % on the curve.
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