Use the figure below to answer the following question(s).
Figure 9-2
-Which of the following is true for the economy depicted in Figure 9-2?
A)Output equals potential real GDP.
B)The actual rate of unemployment equals the natural rate of unemployment.
C)The output is sustainable in the long run.
D)All of the above statements are true.

Question

Use the figure below to answer the following question(s).
Figure 9-2 
-Which of the following is true for the economy depicted in Figure 9-2?
A)Output equals potential real GDP. 
B)The actual rate of unemployment equals the natural rate of unemployment. 
C)The output is sustainable in the long run. 
D)All of the above statements are true.

Quizplus · Accepted Answer

If all the statements are true, it implies that the economy is in equilibrium where output equals potential GDP, the actual unemployment rate equals the natural rate, and the output level is sustainable in the long run.

Use the Figure Below to Answer the Following Question(s)