Figure 7-7 -Refer to Figure 7-7. at Output Level Y_K

question 137

Multiple Choice

Figure 7-7
-Refer to Figure 7-7. At output level Y_K,

• A) potential output is less than actual output.
• B) there is a surplus of real GDP.
• C) the unemployment rate exceeds the natural rate of unemployment.
• D) over time aggregate demand will rise to restore long-run equilibrium.

---

Definitions:

Outliers

Data points that lie far outside the range of the majority of a data set, deviating significantly from other observations.

Interquartile Range

The difference between the 25th and 75th percentile in a data set, showing the spread of the middle half of the values.

Scores

Values or measurements obtained from assessments, tests, or evaluations.

Variability

Refers to the extent to which data points in a statistical distribution or dataset differ from each other.