In its macroeconomic equilibrium,the economy can be producing at
I.below full employment.
Ii.full employment.
Iii.above full employment.
A)i only
B)ii only
C)iii only
D)i or ii
E)i,ii,or iii

Question

Quizplus · Accepted Answer

An economy in macroeconomic equilibrium can operate below, at, or above full employment due to variations in aggregate demand and supply, leading to different levels of output and employment.

In Its Macroeconomic Equilibrium,the Economy Can Be Producing at