Multiple Choice
-Consider Figure 11-10 above.If the full employment level of output is $9 trillion,which of the following is true?
A) The economy is currently operating at the full employment level
B) The economy is currently operating below than the full employment level
C) The economy is currently operating above the full employment level
D) The economy is operating neither at equilibrium nor full employment
E) Prices are rising
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The short-run macro model<br>A) relies on the
Q5: Aggregate expenditure will not equal GDP unless<br>A)
Q6: Which of the following is not true
Q7: Which of the following is inversely related
Q8: In the short-run macro model,what is the
Q10: If the marginal propensity to consume is
Q11: When unplanned inventory changes are positive,GDP is
Q12: If we know that the slope of
Q13: Which of the following would shift the
Q14: If the marginal propensity to consume is