Refer to the information provided in Figure 11.1 below to answer the questions that follow. Figure 11.1
-Refer to Figure 11.1. This economy is most likely experiencing costs increasing as fast as output prices are increasing at aggregate output levels
A) above $1,500 billion.
B) between $1,000 billion and $1,500 billion.
C) between $500 billion and $1,000 billion.
D) below $500 billion.

Question

Refer to the information provided in Figure 11.1 below to answer the questions that follow.  Figure 11.1
-Refer to Figure 11.1. This economy is most likely experiencing costs increasing as fast as output prices are increasing at aggregate output levels
A) above $1,500 billion. 
B) between $1,000 billion and $1,500 billion. 
C) between $500 billion and $1,000 billion. 
D) below $500 billion.

Quizplus · Accepted Answer

At aggregate output levels above $1,500 billion, the economy is likely experiencing increasing costs that match the rate of increase in output prices, indicating a point where the economy is operating at or near full capacity.

Refer to the Information Provided in Figure 11