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In Figure 1 Above If the Economy Were at Y1

Question 49

Multiple Choice

In Figure 1 above if the economy were at Y1 then we would expect there to be: A) an increase in production since PAE < actual output. B) an increase in production since PAE > actual output. C) no change in production since PAE = actual output. D) a decrease in production since PAE > actual output. In Figure 1 above if the economy were at Y1 then we would expect there to be:


A) an increase in production since PAE < actual output.
B) an increase in production since PAE > actual output.
C) no change in production since PAE = actual output.
D) a decrease in production since PAE > actual output.

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