Refer to the Information Provided in Figure 11

Multiple Choice

Refer to the information provided in Figure 11.8 below to answer the questions that follow. Figure 11.8
-Refer to Figure 11.8. If the economy is currently at Point B producing output level Y₁

A) the economy is operating above full employment.
B) input prices are likely to rise.
C) aggregate supply shifts to the left and the economy ends up at Point C.
D) all of the above