Price level (GDP price index 2012-100) 130- Potencial AS GDP 120- 110- 100 90 AD 19.5 20.0 20.5 21.0 21.5 22.0 Real GDP (trilions of 2012 dollars) According to the figure above, which point or points correspond to full employment? O a. only point c O b. only point b O c. points a, b, and c O d. only point a e. points a and b

Price level (GDP price index 2012-100) 130- Potencial AS GDP 120- 110- 100 90 AD 19.5 20.0 20.5 21.0 21.5 22.0 Real GDP (trilions of 2012 dollars) According to the figure above, which point or points correspond to full employment? O a. only point c O b. only point b O c. points a, b, and c O d. only point a e. points a and b

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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