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If an economy isproducing within its Production Possibility Frontier:
If an economy is
producing within its Production Possibility Frontier:
Customers arespending too much.
Customers are
spending too much.
It is productivelyinefficient.
It is productively
inefficient.
Firms are maximizing profits.
The economy'sresources are fully employed.
The economy's
resources are fully employed.
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