-Consider Figure 9.1.The dashed line is potential output and the solid line is current output;therefore,
A)areas a and b are booms.
B)area b represents an economic boom,and area a is a recession.
C)the economy is in neither a recession nor a boom in areas a and b.
D)area a represents an economic boom,and area b is a recession.

Question

-Consider Figure 9.1.The dashed line is potential output and the solid line is current output;therefore,
A)areas a and b are booms. 
B)area b represents an economic boom,and area a is a recession. 
C)the economy is in neither a recession nor a boom in areas a and b. 
D)area a represents an economic boom,and area b is a recession.

Quizplus · Accepted Answer

The Answer of 
-Consider Figure 9.1.The dashed line is potential output and the solid line is current output;therefore,
A)areas a and b are booms. 
B)area b represents an economic boom,and area a is a recession. 
C)the economy is in neither a recession nor a boom in areas a and b. 
D)area a represents an economic boom,and area b is a recession.