The following table provides Information on the relationship between output and

Question

The following table provides Information on the relationship between output and unemployment. Use the Information In the table to answer the questions that follow. The economy is currently in short-run equilibrium at the Intersection of the two curves depicted on the following graph. Place the black point (X symbol) on the graph to indicate the level of output and aggregate expenditure when the economy is at the full-employment equilibrium. The current equilibrium is the full-employment equilibrium, because.

Explanation / Answer

the current equilibrium is at $20 Billions,

here we can have maximum output

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---