-Refer to Figure 11-9.If YFE represents the full employment level of output,the situation depicted at Y₁ in the graph is
A) impossible to achieve because employment would exceed full employment
B) one in which we would expect businesses to cut production
C) one in which we would expect businesses to increase production
D) identified as an expansion
E) identified as a recession

Question

-Refer to Figure 11-9.If YFE represents the full employment level of output,the situation depicted at Y₁ in the graph is
A) impossible to achieve because employment would exceed full employment 
B) one in which we would expect businesses to cut production 
C) one in which we would expect businesses to increase production 
D) identified as an expansion 
E) identified as a recession

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 11-9.If YFE represents the full employment level of output,the situation depicted at Y₁ in the graph is
A) impossible to achieve because employment would exceed full employment 
B) one in which we would expect businesses to cut production 
C) one in which we would expect businesses to increase production 
D) identified as an expansion 
E) identified as a recession