Refer to Figure 8.2. Suppose that the level of GDP associated with point / is potential GDP. If the Canadian economy is currently at point
Refer to Figure 8.2. Suppose that the level of GDP associated with point / is potential GDP. If the Canadian economy is currently at point K. A) firms are operating above capacity. OB) the economy is at full employment. OC) the level of unemployment is equal to the natural rate. OD) the economy is in recession. OE) firms will experience rising inventories
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