Use the table below to answer the following questions.
Table 10.3.1

-Refer to Table 10.3.1.The economy is in
A)a below full- employment equilibrium, and factor prices will decrease.
B)an above full- employment equilibrium, and factor prices will increase.
C)an above full- employment equilibrium, and factor prices will decrease.
D)a long- run equilibrium, and factor prices will not change.
E)a below full- employment equilibrium, and factor prices will increase.

Question

Use the table below to answer the following questions.
Table 10.3.1
 
-Refer to Table 10.3.1.The economy is in
A)a below full- employment equilibrium, and factor prices will decrease. 
B)an above full- employment equilibrium, and factor prices will increase. 
C)an above full- employment equilibrium, and factor prices will decrease. 
D)a long- run equilibrium, and factor prices will not change. 
E)a below full- employment equilibrium, and factor prices will increase.

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 10.3.1
 
-Refer to Table 10.3.1.The economy is in
A)a below full- employment equilibrium, and factor prices will decrease. 
B)an above full- employment equilibrium, and factor prices will increase. 
C)an above full- employment equilibrium, and factor prices will decrease. 
D)a long- run equilibrium, and factor prices will not change. 
E)a below full- employment equilibrium, and factor prices will increase.

Use the Table Below to Answer the Following Questions