Refer to Figure 2-7. Assume that in response to changing consumer ...

[Alainaaa8]

Refer to Figure 2-7. Assume that in response to changing consumer demands, Apple cuts back on the production of traditional vehicles and increases its production of self-driving vehicles. This strategy is best represented by the
 
  A) movement from J to G in Graph B. B) movement from L to K in Graph C.
  C) movement from E to F in Graph A. D) movement from H to J in Graph B.

Question 2

U.S. potential GDP is the value of the goods and services produced in the United States ________.
 
  A. in the reference base year
  B. when the U.S. unemployment rate is zero
  C. when the U.S. economy is at full employment
  D. when the U.S. inflation rate is zero

[nital]

Answer to Question 1

D

Answer to Question 2

C Answer C is correct because it is the definition of potential GDP.

[Alainaaa8]

Thanks for the timely response, appreciate it

[mcabuhat]

Excellent