Refer to the information provided in Figure 23.7 below to answer the question(s) that follow. Figure 23.7Refer to Figure 23.7. In Ichabodia, planned investment varies directly with income. Ichabodia's planned investment function is represented by

A. Panel A.
B. Panel B.
C. Panel C.
D. Panel D.


Answer: A

Economics

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A) real GDP is always below potential GDP. B) there is full employment with no unemployment. C) output always is above potential GDP. D) there is full employment and real GDP is equal to potential GDP.

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