The conversation between human and AI assistant.
Under what circumstances would the production possibility curve be bowed in towards the original and are these circumstances likely?
What are some other factors that can affect the shape of the production possibility curve?
Other factors include changes in technology, changes in the labor force or capital stock, and changes in institutions or government policies. For example, technological advances may increase productivity and shift the production possibility curve outwards, while a decrease in capital investment may shift it inwards.