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Author Question: Refer to Figure 13-4.In the figure above,AD 1, LRAS 1andSRAS 1denoteAD,LRASandSRASin ... (Read 72 times)

arivle123

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Question 1

Figure 13-4









Refer to Figure 13-4.  Given the economy is at point A in year 1, what will happen to the unemployment rate in year 2?


◦ It will rise.
◦ It will fall.
◦ It will remain constant.
◦ not enough information to answer the question

Question 2

Figure 13-4









Refer to Figure 13-4.  In the figure above, AD
1,  LRAS
1 and SRAS
1 denote ADLRAS and SRAS in year 1, while AD
2LRAS
2 and SRAS
2 denote ADLRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the actual growth rate in GDP in year 2?


◦ 2.5%
◦ 7.3%
◦ 8.0%
◦ 10.0%


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Marked as best answer by arivle123 on Mar 16, 2019

nguyenhoanhat

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nguyenhoanhat

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