Multiple Choice
-Refer to Figure 15.1. At point b
A) GDP is above potential output.
B) GDP is below potential output.
C) unemployment is above the natural rate.
D) the economy is in long-run equilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
Q90: If the economy was operating below full
Q91: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt=" -Refer to Figure
Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt=" -Refer to Figure
Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt=" -Refer to Figure
Q94: Suppose GDP _ the level of potential
Q96: If increases in government spending on infrastructure
Q97: Figure 15.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Figure 15.5
Q98: Interest rates increase as the price level
Q99: Suppose Venezuela experiences economic growth in 2013,
Q100: How can changes in wages and prices