Solved

Use the Figure Below to Answer the Following Question(s)

Question 151

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 9-2
Use the figure below to answer the following question(s) . Figure 9-2    -Which of the following is true for the economy depicted in Figure 9-2? A) Potential output equals Y₁. B) It would be impossible for this economy to achieve an output greater than Y₁. C) When output Y₁ is achieved,the actual rate of unemployment will exceed the natural rate of unemployment. D) When output Y₁ is achieved,the actual rate of unemployment will be less than the natural rate of unemployment.
-Which of the following is true for the economy depicted in Figure 9-2?


A) Potential output equals Y₁.
B) It would be impossible for this economy to achieve an output greater than Y₁.
C) When output Y₁ is achieved,the actual rate of unemployment will exceed the natural rate of unemployment.
D) When output Y₁ is achieved,the actual rate of unemployment will be less than the natural rate of unemployment.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions