Suppose that output in an economy is 1,000 units and the number of hours worked in the economy is 40. If the economy enters an expansion, which of the following combinations of output and hours worked would best reflect the expansion?

Question

Quizplus · Accepted Answer

An expansion typically involves an increase in both output and hours worked. Option C shows a significant increase in output (1,600 units) and a proportional increase in hours worked (60 hours), reflecting economic growth.

Suppose That Output in an Economy Is 1,000 Units and the Number