meerkat18 meerkat18

27-12-2016
Business

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According to the "guns & butter" example, if a country decides to spend more on military goods, what will happen?

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MissPhiladelphia MissPhiladelphia

03-01-2017

For the answer to the question above, in macroeconomics, the guns versus butter model is a simple example of the production possibility frontier. It models the relationship between a nation's investment in defense and civilian goods.
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