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-Refer to Exhibit 9-6

Question 51

Multiple Choice

-Refer to Exhibit 9-6.If the economy is self-regulating and currently at point 1,it follows that A) there is a surplus of labor in the labor market. B) the economy is currently on its institutional PPF. C) the economy is currently in an inflationary gap. D) the labor market is in equilibrium. E) the actual unemployment rate is below the natural unemployment rate.
-Refer to Exhibit 9-6.If the economy is self-regulating and currently at point 1,it follows that


A) there is a surplus of labor in the labor market.
B) the economy is currently on its institutional PPF.
C) the economy is currently in an inflationary gap.
D) the labor market is in equilibrium.
E) the actual unemployment rate is below the natural unemployment rate.

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