Use the following to answer questions:
Figure: Aggregate Supply
-(Figure: Aggregate Supply) Refer to Figure: Aggregate Supply. At point F, potential output is _____ than actual output and unemployment is _____.
A) less; high
B) less; low
C) higher; high
D) higher; low
Correct Answer:
Verified
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A) reduction
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Q159: When the economy is on the short-run
Q160: A negative short-run supply shock _ aggregate
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Q162: If the economy is in a recessionary
Q163: Suppose the equilibrium aggregate price level is
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