Refer to the information provided in Figure 31.2 below to answer the question(s) that follow. 
Figure 31.2
-Refer to Figure 31.2. An economy that chooses to be at Point ________ can achieve higher economic growth rate in the future.
Definitions:
Negotiation
The process by which parties with differing interests and objectives discuss an issue in an attempt to reach a mutually acceptable agreement.
Labor Unions
Organizations that represent the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.
Bargaining Power
The capacity of one party to dominate the terms of negotiation due to their position, resources, or strategic advantage over the others.
Layoffs
The act of temporarily or permanently dismissing employees from their jobs, often due to economic downturns, restructuring, or changes in business strategy.
Q47: The productivity of an input is the<br>A)
Q55: When output increases by 1%, the unemployment
Q62: Assume that the demand for money depends
Q71: People are said to have rational expectations
Q76: Which of the following was not one
Q111: Economists agree that the cause of the
Q225: Refer to Figure 33.4. The domestic price
Q263: Most monetarists blame much of the instability
Q310: The larger the percentage of people who
Q326: There is an increase in aggregate demand,