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    Muahha.
    I didn't go!
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    'Sup homies.

    Aye.
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    (Original post by raceforthefishman)
    A lot of them actually work quite well lol

    WHAT IS YOUR LIFE'S PURPOSE?
    Because I got High

    personal favourtie! :rofl:
    mine too! :tongue:
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    Anyone do Economics? :sad:
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    (Original post by jaz_jaz)
    Anyone do Economics? :sad:
    Yeah!

    What's the problem jaz?
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    Draw a PPC to illustrate a recession, economic recovery and a shift in resource allocation from captial to consumer goods (3marks)

    I got no idea...
    Is recession below PPC curve
    and economic recovery on the curve?
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    (Original post by jaz_jaz)
    Draw a PPC to illustrate a recession, economic recovery and a shift in resource allocation from captial to consumer goods (3marks)

    I got no idea...
    Is recession below PPC curve
    and economic recovery on the curve?
    PPC? I'm assuming you mean production possibilty frontier...the c stands for curve?

    In times of recession, the economy would be operating at any point inside the PPF and it could shift left/downwards

    Economy recovery would perhaps move the point nearer to the PPF

    An increase in consumer good production I have no idea sorry!
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    (Original post by bob9001)
    PPC? I'm assuming you mean production possibilty frontier...the c stands for curve?

    In times of recession, the economy would be operating at any point inside the PPF and it could shift left/downwards

    Economy recovery would perhaps move the point nearer to the PPF

    An increase in consumer good production I have no idea sorry!
    Sorry meant PPC
    so recession= inside curve
    recovery=ON the curve bcos they've recovered but not yet achieved a boom (positive output gap)
    I'm so confused with capital/consumer goods :confused:

    who else does economics too?
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    :hi:
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    (Original post by jaz_jaz)
    Sorry meant PPC
    so recession= inside curve
    recovery=ON the curve bcos they've recovered but not yet achieved a boom (positive output gap)
    I'm so confused with capital/consumer goods :confused:

    who else does economics too?
    I don't know about on the curve because on the curve you are at full productivity and maximum output given the resources you have (i.e no unemployment etc)

    On the curve would be more of a boom.

    Don't forget you have never be outside the PPF- that's impossible
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    yo
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    looooooooool at golden balls..... :rofl:
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    (Original post by bob9001)
    I don't know about on the curve because on the curve you are at full productivity and maximum output given the resources you have (i.e no unemployment etc)

    On the curve would be more of a boom.

    Don't forget you have never be outside the PPF- that's impossible
    Oh yeh, sorry I was thinking about the actual growth and trend growth.

    So near the line then
    I remember my teacher drawing the capital goods and consumer goods ppc but didn't understand:

    as capital goods decrease, comsumer goods increase and vice versa.
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    :sad:

    Today was a complete let down. I'm so tired. I'm a bit emotional, and I'm just not bothered for those ***** anymore...
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    (Original post by led-zep-amh-121191)
    :sad:

    Today was a complete let down. I'm so tired. I'm a bit emotional, and I'm just not bothered for those ***** anymore...
    :hugs:
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    did anyone happen to get a joke from msb?
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    (Original post by led-zep-amh-121191)
    did anyone happen to get a joke from msb?
    Yeah I did lol!
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    the one about the guy with an orange for a head?
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    (Original post by led-zep-amh-121191)
    did anyone happen to get a joke from msb?
    :yep:
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    Yeah lol I didn't really get it haha
 
 
 
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