The above figure depicts an economy with a short-run equilibrium
A) at full employment.
B) below full employment.
C) at higher than full employment.
D) at zero unemployment
A
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At Revolution Doughnuts in Fort Collins, Colorado, a cup of coffee or a doughnut is $1. Suppose Hannah loves going to Revolution Doughnuts and usually buys 2 doughnuts and 1 cup of coffee
On the way to the shop, Hannah finds an extra $2 dollars in change in her car and buys an extra doughnut and cup of coffee. This means A) doughnuts are an inferior good and coffee is a normal good for Hannah. B) doughnuts are a normal good and coffee is an inferior good for Hannah. C) doughnuts and coffee are normal goods for Hannah. D) doughnuts and coffee are inferior goods for Hannah.
A legal claim to a percentage of a company's future profits and assets is known as a
A) share of stock. B) bond. C) dividend. D) random walk.
Which of the following factors may lead to a decline in the real value of money?
a. Increase in the rate of interest b. Decline in aggregate demand in the economy c. Decrease in money supply d. Increase in the average price level e. Decrease in aggregate output
When a regulator allows a monopolist to set its price equal to long-run average cost, the regulator is practicing
A. average cost pricing. B. operating cost pricing. C. marginal cost pricing. D. optimal cost pricing.