Production Possibility Cure Exercises

Show each of the following events through a production possibility frontier graph, and analyze what the effects of it were on economic growth:

The effects of the Baby Boom-the sharp increases in the birth rates in the U.S. from 1946 to 1964-on the U.S. economy in the 1970s and 1980s.

The effects on the development and diffusion of computer technology in the 1970s and 1980s on the U.S. economy in the late 1990s to the present.

The effects of the decline in public investment in the U.S. over the last 20 years or so on the U.S. economy in the future.

The effects of the Baby Boom on the U.S. economy in the years 2011 to 2029.