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Figure 7-7 -Refer to Figure 7-7. at Output Level YK

Question 137

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Figure 7-7 Figure 7-7 -Refer to Figure 7-7. At output level Y<sub>K</sub>, A) potential output is less than actual output. B) there is a surplus of real GDP. C) the unemployment rate exceeds the natural rate of unemployment. D) over time aggregate demand will rise to restore long-run equilibrium.
-Refer to Figure 7-7. At output level YK,


A) potential output is less than actual output.
B) there is a surplus of real GDP.
C) the unemployment rate exceeds the natural rate of unemployment.
D) over time aggregate demand will rise to restore long-run equilibrium.

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