Multiple Choice
Use the figure below to answer the following question(s) .
Figure 10-10
-Figure 10-10 indicates the output of the economy, y1, is
A) less than the economy's long-run capacity.
B) equal to the economy's long-run capacity.
C) greater than the economy's long-run capacity.
D) unattainable, even in the short run.
Correct Answer:
Verified
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