11.5 The Long-Run AS Curve
Refer to the information provided in Figure 11.7 below to answer the questions that follow. Figure 11.7
-Refer to Figure 11.7. Potential output
A) is $400 million.
B) is $700 million.
C) is $800 million.
D) cannot be determined from this information because aggregate demand is not given.

Question

11.5 The Long-Run AS Curve
Refer to the information provided in Figure 11.7 below to answer the questions that follow.  Figure 11.7
-Refer to Figure 11.7. Potential output
A) is $400 million. 
B) is $700 million. 
C) is $800 million. 
D) cannot be determined from this information because aggregate demand is not given.

Quizplus · Accepted Answer

The Answer of 11.5 The Long-Run AS Curve
Refer to the information provided in Figure 11.7 below to answer the questions that follow.  Figure 11.7
-Refer to Figure 11.7. Potential output
A) is $400 million. 
B) is $700 million. 
C) is $800 million. 
D) cannot be determined from this information because aggregate demand is not given.

11.5 the Long-Run AS Curve