The economy is currently operating at a point on its physical production possibilities frontier (physical PPF).It is
A) producing Natural Real GDP and operating below the natural unemployment rate.
B) producing more than Natural Real GDP and operating above the natural unemployment rate.
C) producing more than Natural Real GDP and operating below the natural unemployment rate.
D) in long-run equilibrium.

Question

Quizplus · Accepted Answer

The Answer of The economy is currently operating at a point on its physical production possibilities frontier (physical PPF).It is
A) producing Natural Real GDP and operating below the natural unemployment rate.
B) producing more than Natural Real GDP and operating above the natural unemployment rate.
C) producing more than Natural Real GDP and operating below the natural unemployment rate.
D) in long-run equilibrium.

The Economy Is Currently Operating at a Point on Its