Table 5.2 shows the aggregate demand and supply schedules for the economy of Adana.

-Refer to Table 5.2 to answer this question.At what level of real output will full-employment occur in this economy?
A)$600.
B)$650.
C)$700.
D)Cannot be determined from the information.

Question

Table 5.2 shows the aggregate demand and supply schedules for the economy of Adana.
 
-Refer to Table 5.2 to answer this question.At what level of real output will full-employment occur in this economy?
A)$600. 
B)$650. 
C)$700. 
D)Cannot be determined from the information.

Quizplus · Accepted Answer

Full employment refers to the level of employment where there is no cyclical unemployment, essentially the maximum sustainable level of employment in an economy. Without information on factors such as the labor force, unemployment rate, or potential GDP, it's impossible to determine the level of real output at which full employment occurs from the given options.

Table 52 Shows the Aggregate Demand and Supply Schedules for the the Economy