Use the Following to Answer Questions

question 19

Multiple Choice

Use the following to answer questions .
Exhibit: Short-run Aggregate Supply
-(Exhibit: Short-run Aggregate Supply) Suppose that the economy is in long-run equilibrium at point A. Now suppose net exports increase. As a result of this,

• A) real GDP is temporarily above potential output.
• B) the economy's potential output increases to Y₂.
• C) the economy moves to a new long-run equilibrium at point B.
• D) there is some cyclical unemployment.

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Definitions:

Department

A division or unit within a larger organization, focused on a specific area of work or function.

Vice President of Production

A senior executive responsible for overseeing and managing all production-related aspects of a company, including manufacturing processes, production efficiency, and product quality.

Plant Managers

Individuals responsible for overseeing all aspects of operations, production, and efficiency in a manufacturing plant or factory.

Plant Managers

Individuals responsible for overseeing all operations within a manufacturing facility, including production, staff management, and adherence to safety standards.