An outward shift in the entire production possibilities frontier

A) represents economic decline.
B) means that previous levels of production are now unobtainable.
C) means that the only way the economy can increase the production of one good is by producing less of an alternative good.
D) represents economic growth.

Economic Growth

An increase in the production of goods and services in an economy over a period, indicating improving national prosperity.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs resources and technology.

Economic Decline

A period where an economy experiences reduced economic activity, often marked by decreases in GDP, employment, and consumer spending.