Multiple Choice
Refer to the information provided in Figure 12.7 below to answer the questions that follow.
Figure 12.7
-Refer to Figure 12.7.Potential output
A) is $400 million.
B) is $700 million.
C) is $800 million.
D) cannot be determined from this information because aggregate demand is not given.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: Other things equal, an increase in the
Q97: If the economy is operating way below
Q100: The quantity of aggregate output demanded will
Q110: Refer to the information provided in Figure
Q117: Refer to the information provided in Figure
Q124: To decrease output the government could<br>A) adopt
Q140: In an economy, when the price level
Q170: The aggregate demand curve<br>A) is an upward-sloping
Q172: If production costs increase, the price level
Q174: Whenever the aggregate supply curve intercepts the