Refer to the information provided in Figure 26.7 below to answer ...

[pepyto]

Question 1

Refer to the information provided in Figure 26.7 below to answer the question(s) that follow.





Refer to Figure 26.7. Potential output

◦ is $400 million.
◦ is $700 million.
◦ is $800 million.
◦ cannot be determined from this information because aggregate demand is not given.

Question 2

Refer to the information provided in Figure 26.7 below to answer the question(s) that follow.





Refer to Figure 26.7. The level of aggregate output that can be sustained in the long run without inflation

◦ is $400 million.
◦ is $700 million.
◦ is $800 million.
◦ cannot be determined from this information because aggregate demand is not given.

[Jordin Calloway]

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[pepyto]

YES! Correct, THANKS for helping me on my review

[billybob123]

Thanks for the timely response, appreciate it