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The table below provides macroeconomic data for a hypothetical economy. Dollar amounts are all in constantdollar terms. The table below provides macroeconomic data for a

The table below provides macroeconomic data for a hypothetical economy. Dollar amounts are all in

constantdollar

terms.

The table below provides macroeconomic data for a hypothetical economy. Dollar amounts are all in

constantdollar

terms.

Year

Actual Output

(billions of $)

Potential Output

(billions of $)

Unemployment Rate

(% of labour force)

2012

402

404

7.1

2013

408

411

7.2

2014

415

415

6.3

2015

420

418

5.9

2016

422

420

6.0

2017

420

423

7.0

2018

425

425

6.3

TABLE

191

Refer to Table

191.

In the year 2015, it is probably the case that workers are ________ and factories are ________.

A.

working longer than normal hours; operating beyond their normal capacity

B.

working longer than normal hours; facing temporary shutdowns

C.

experiencing zero unemployment; operating beyond their normal capacity

D.

facing cyclical unemployment; facing temporary shut downs

E.

experiencing zero unemployment; operating extra shifts

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