Multiple Choice
Use the table below to answer the following questions.
Table 26.3.1
-Refer to Table 26.3.1. Consider the economy represented in the table. The economy is in
A) a long-run equilibrium, and resource prices will not change.
B) an above full-employment equilibrium, and factor prices will increase.
C) an above full-employment equilibrium, and factor prices will decrease.
D) a below full-employment equilibrium, and factor prices will decrease.
E) a below full-employment equilibrium, and factor prices will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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