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p1 draw a bowedout ppc with an aggregate measure of...

Question: p1 draw a bowedout ppc with an aggregate measure of...

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P1. Draw a bowed-out PPC with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of al other goods & services, Z, on the vertical axis. Discuss the implications of the following changes on the quantity of medical services and all other goods. 1. A movement down along the curve 2. A movement from the interior of the curve to a northeasterly point on the curve 3. An decrease in the quantity of abor in the economy 4. A technological discovery that increases the production of Z. 5. A technological discovery that increases the production of Q.

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