Multiple Choice
Use the following to answer questions:
Figure: Aggregate Supply
-(Figure: Aggregate Supply) Refer to Figure: Aggregate Supply. At point F, potential output is _____ than actual output and unemployment is _____.
A) less; high
B) less; low
C) higher; high
D) higher; low
Correct Answer:

Verified
Correct Answer:
Verified
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Q11: The aggregate demand curve is negatively sloped
Q12: A change in _ has the MOST
Q13: The short-run aggregate supply curve is positively
Q14: The negative relationship between the aggregate price
Q16: An economic policy maker would rank a
Q17: Potential output:<br>A) is the level of output
Q18: Suppose that a presidential candidate who promised
Q19: When short-run aggregate supply increases, it means
Q20: The short-run aggregate supply curve slopes upward