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Refer to the Following Figure When Answering the Following Questions

Question 103

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 9.1: Output versus Time
Refer to the following figure when answering the following questions. Figure 9.1: Output versus Time    -Considering Figure 9.1: A)  area a is where current output is less than potential output, and area b is where current output is greater than potential output. B)  area a is where current output is greater than potential output, and area b is where current output is less than potential output. C)  point c is where economic fluctuations are zero, and at point b, the economy is in a boom. D)  at point c, current output equals the short-term fluctuations. E)  area a is where current output is greater than potential output, and at point c, the economy is in a boom.

-Considering Figure 9.1:


A) area a is where current output is less than potential output, and area b is where current output is greater than potential output.
B) area a is where current output is greater than potential output, and area b is where current output is less than potential output.
C) point c is where economic fluctuations are zero, and at point b, the economy is in a boom.
D) at point c, current output equals the short-term fluctuations.
E) area a is where current output is greater than potential output, and at point c, the economy is in a boom.

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