An increase in the average retirement age will cause the production possibilities frontier (PPF) to shift outward. If the retirement age is raised, there will be a high level of active labor in the economy. The additional workforce will increase the production of goods and services in the U.S.
Explain the effect of an increase in the average retirement age on the United States production possibilities frontier. Does it shift inward, outward, or not at all? Briefly explain your answer.
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Academic.Tips. (2022) 'Explain the effect of an increase in the average retirement age on the United States production possibilities frontier. Does it shift inward, outward, or not at all? Briefly explain your answer'. 6 April.
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Academic.Tips. (2022, April 6). Explain the effect of an increase in the average retirement age on the United States production possibilities frontier. Does it shift inward, outward, or not at all? Briefly explain your answer. https://academic.tips/question/explain-the-effect-of-an-increase-in-the-average-retirement-age-on-the-united-states-production-possibilities-frontier-does-it-shift-inward-outward-or-not-at-all-briefly-explain-your-answer/
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Academic.Tips. 2022. "Explain the effect of an increase in the average retirement age on the United States production possibilities frontier. Does it shift inward, outward, or not at all? Briefly explain your answer." April 6, 2022. https://academic.tips/question/explain-the-effect-of-an-increase-in-the-average-retirement-age-on-the-united-states-production-possibilities-frontier-does-it-shift-inward-outward-or-not-at-all-briefly-explain-your-answer/.
1. Academic.Tips. "Explain the effect of an increase in the average retirement age on the United States production possibilities frontier. Does it shift inward, outward, or not at all? Briefly explain your answer." April 6, 2022. https://academic.tips/question/explain-the-effect-of-an-increase-in-the-average-retirement-age-on-the-united-states-production-possibilities-frontier-does-it-shift-inward-outward-or-not-at-all-briefly-explain-your-answer/.
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Academic.Tips. "Explain the effect of an increase in the average retirement age on the United States production possibilities frontier. Does it shift inward, outward, or not at all? Briefly explain your answer." April 6, 2022. https://academic.tips/question/explain-the-effect-of-an-increase-in-the-average-retirement-age-on-the-united-states-production-possibilities-frontier-does-it-shift-inward-outward-or-not-at-all-briefly-explain-your-answer/.
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"Explain the effect of an increase in the average retirement age on the United States production possibilities frontier. Does it shift inward, outward, or not at all? Briefly explain your answer." Academic.Tips, 6 Apr. 2022, academic.tips/question/explain-the-effect-of-an-increase-in-the-average-retirement-age-on-the-united-states-production-possibilities-frontier-does-it-shift-inward-outward-or-not-at-all-briefly-explain-your-answer/.
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