Author Question: Using the data in the above table, what is the average product of three employees? A) 2 pizzas ... (Read 78 times)

nelaaney · **on:** Jun 29, 2018

Using the data in the above table, what is the average product of three employees?

A) 2 pizzas per hour
B) 3 pizzas per hour
C) 4 pizzas per hour
D) 12 pizzas per hour

Question 2

An above-full-employment equilibrium occurs when

A) aggregate demand decreases while neither the short-run nor long-run aggregate supply changes.
B) short-run aggregate supply decreases while neither aggregate demand nor long-run aggregate supply changes.
C) the equilibrium level of real GDP is greater than potential GDP.
D) the equilibrium level of real GDP is less than potential GDP.