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Exhibit 10-6 Aggregate Supply Curve

Question 39

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Exhibit 10-6 Aggregate supply curve
Exhibit 10-6 Aggregate supply curve In Exhibit 10-6, where the GDP = $1,200 billion, A) everyone willing to work at the current wage is employed. B) the economy has reached full employment. C) GDP can increase to $1,100 billion without triggering an increase in the price level. D) no further increases in the price level can generate more real GDP.
In Exhibit 10-6, where the GDP = $1,200 billion,


A) everyone willing to work at the current wage is employed.
B) the economy has reached full employment.
C) GDP can increase to $1,100 billion without triggering an increase in the price level.
D) no further increases in the price level can generate more real GDP.

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