Use the figure below to answer the following questions.
Figure 10.3.3
-Refer to Figure 10.3.3.Which of the graphs illustrates an above full- employment equilibrium?
A)a only
B)b only
C)c only
D) donly
E)both c and d

Question

Use the figure below to answer the following questions.
  Figure 10.3.3
-Refer to Figure 10.3.3.Which of the graphs illustrates an above full- employment equilibrium?
A)a only 
B)b only 
C)c only 
D) donly 
E)both c and d

Quizplus · Accepted Answer

An above full-employment equilibrium is shown when the aggregate demand intersects the aggregate supply curve to the right of the full-employment output level. Both graphs c and d show this type of equilibrium as they have an intersection point to the right of the vertical line representing the full-employment output level. Therefore, the correct answer is E, both c and d.

Use the Figure Below to Answer the Following Questions